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

Role
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
11/5/2021, 11:43 AM
Next filing
Mar 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NVTS Common Stock Award $0 +10.5K $0.00 10.5K Oct 19, 2021 Direct F1
transaction NVTS Common Stock Award +8.87M 8.87M Oct 19, 2021 Atlantic Bridge III LP F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Received in exchange for 8,101,700 shares of Navitas Semiconductor Limited ("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.
F3 Shares are held by Atlantic Bridge III LP ("Atlantic Bridge"), Brian Long is Managing Director of Atlantic Bridge. Brian Long may be deemed a beneficial owner of such shares, Brian Long disclaims beneficial ownership of all shares held by Atlantic Bridge, except to the extent of his actual pecuniary interest in such shares.