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

Role
10%+ Owner
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, 09:53 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NVTS Common Stock Award +12.8M 12.8M Oct 19, 2021 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received in exchange for 11,732,017 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 Shares are held by MalibuIQ, LLC ("MalibuIQ"), the sole manager is David Moxam. David Moxam is a member of the Company's board of directors, and is filing a separate Form 4. David Moxam disclaims beneficial ownership of MalibuIQ shares except to the extent of its pecuniary interest therein.