David Moxam - 19 Oct 2021 Form 4 Insider Report for Navitas Semiconductor Corp (NVTS)

Role
Director
Signature
/s/ Paul Delva, Attorney-in-Fact
Issuer symbol
NVTS
Transactions as of
19 Oct 2021
Net transactions value
$0
Form type
4
Filing time
21 Oct 2021, 21:53:18 UTC
Next filing
01 Mar 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NVTS Common Stock Award +103,765 103,765 19 Oct 2021 Direct F1
transaction NVTS Common Stock Award $0 +10,463 +10% $0.000000 114,228 19 Oct 2021 Direct F2
transaction NVTS Common Stock Award +12,839,519 12,839,519 19 Oct 2021 MalibuIQ, LLC F3, 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 94,815 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 Restricted stock units convert into common stock on a one-for-one basis. The reporting person received a restricted stock unit award which are unvested and fully vest on October 19, 2022.
F3 Received in exchange for 11,732,017 shares 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.
F4 Shares are held by MalibuIQ, LLC ("MalibuIQ"), David Moxam is the sole manager of MalibuIQ. David Moxam may be deemed a beneficial owner of such shares, David Moxam disclaims beneficial ownership of MalibuIQ shares except to the extent of its pecuniary interest therein.