Eugene Sheridan - Oct 19, 2021 Form 4 Insider Report for Navitas Semiconductor Corp (NVTS)

Role
Chief Executive Officer, Director
Signature
/s/ Paul Delva, Attorney-in-Fact
Stock symbol
NVTS
Transactions as of
Oct 19, 2021
Transactions value $
$0
Form type
4
Date filed
10/21/2021, 09:52 PM
Next filing
Feb 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NVTS Common Stock Award +3.08M 3.08M Oct 19, 2021 The Eugene and Melissa Sheridan Trust F1, F2
transaction NVTS Common Stock Award $0 +2.74M $0.00 2.74M Oct 19, 2021 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NVTS Stock Option (Right to Buy) Award $0 +1.99M $0.00 1.99M Oct 19, 2021 Common Stock 1.99M $0.19 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received in exchange for 2,810,713 shares of Navitas Semiconductor Limited, Inc. ("Navitas Semiconductor") in connection with the merger of Navitas Semiconductor into Navitas Semiconductor Corporation (the "Company") pursuant to the exchange ratio set forth in the Business Combination Agreement and Plan of Reorganization between Navitas Semiconductor and the Company. The closing price of the Company's Common Stock on the effective date of the merger was $13.38
F2 The Eugene and Melissa Sheridan Trust ("Eugene and Melissa Trust") is affiliated with Mr. Sheridan and the shares received by Eugene and Melissa Trust are beneficially owned by Mr. Sheridan, who is the Trustee.
F3 Received in exchange for 2,500,000 Restricted Stock Units of Navitas Semiconductor in connection with the merger of Navitas Semiconductor into the Company pursuant to the exchange ratio set forth in the Business Combination Agreement and Plan of Reorganization between Navitas Semiconductor and the Company. The closing price of the Company's Common Stock on the effective date of the merger was $13.38. These RSUs are unvested and will fully vest on August 25, 2024
F4 Received in exchange for stock options to acquire 1,822,500 shares of Navitas Semiconductor in connection with the merger of Navitas Semiconductor into Company pursuant to the exchange ratio set forth in the Business Combination Agreement and Plan of Reorganization between Navitas Semiconductor and the Company. The closing price of the Company's Common Stock on the effective date of the merger was $13.38. These stock options are partially vested and will fully vest on November 16, 2021.