Eugene Sheridan - 31 Dec 2021 Form 5 Insider Report for Navitas Semiconductor Corp (NVTS)

Role
President & CEO, Director
Signature
/s/ Paul D. Delva, Attorney-in-fact
Issuer symbol
NVTS
Transactions as of
31 Dec 2021
Net transactions value
$0
Form type
5
Filing time
10 Feb 2022, 15:24:40 UTC
Previous filing
21 Oct 2021
Next filing
22 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NVTS Class A Common Stock Gift $0 -600,000 -20% $0.000000 2,476,044 15 Dec 2021 In trust F1
transaction NVTS Class A Common Stock Gift $0 +600,000 +24% $0.000000 3,076,044 15 Dec 2021 In trust F1, F2
transaction NVTS Class A Common Stock Gift $0 -210,000 -6.8% $0.000000 2,866,044 15 Dec 2021 In trust F2, F3
holding NVTS Class A Common Stock 2,736,000 31 Dec 2021 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Gift to trust for the benefit of the reporting person's immediate family members including for estate planning purposes. Transferred shares remain subject to the same contractual lock-up restrictions which applied prior to transfer.
F2 The reporting person may be deemed to beneficially own 600,000 of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended. The reporting person disclaims such beneficial ownership as to 600,000 of the reported securities.
F3 Gift to trust reflecting dispositions for the benefit of the reporting person's family members. Transferred shares remain subject to the same contractual lock-up restrictions which applied prior to transfer.
F4 Reflects unvested restricted stock units which vest in one-third increments on each of October 19, 2022, August 25, 2023 and August 25, 2024 or earlier upon certain events.