Daniel M. Kinzer - Nov 18, 2022 Form 4 Insider Report for Navitas Semiconductor Corp (NVTS)

Role
COO and CTO, Director
Signature
/s/ Paul D. Delva, attorney-in-fact
Stock symbol
NVTS
Transactions as of
Nov 18, 2022
Transactions value $
-$883,948
Form type
4
Date filed
11/22/2022, 08:35 PM
Previous filing
May 12, 2022
Next filing
Mar 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NVTS Class A Common Stock Sale -$453K -104K -9.46% $4.38 991K Nov 18, 2022 Direct F1, F2
transaction NVTS Class A Common Stock Sale -$430K -105K -10.62% $4.09 886K Nov 21, 2022 Direct F1, F3, F4
holding NVTS Class A Common Stock 3.77M Nov 18, 2022 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In accordance with issuer policy the reported securities were sold automatically solely to cover applicable withholding taxes, incurred by the reporting person as a result of the settlement of vested restricted stock units (RSUs), in transactions intended to comply with a trading plan under Rule 10b5-1(c) of the Exchange Act.
F2 The reported securities were sold in multiple trades at prices ranging from $4.37 to $4.47, inclusive. The price reported above reflects the weighted average sale price. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected.
F3 The reported securities were sold in multiple trades at prices ranging from $4.06 to $4.39, inclusive. The price reported above reflects the weighted average sale price. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected.
F4 Consists of (i) 156,017 shares of common stock and (ii) 729,600 shares of common stock underlying restricted stock units (RSUs), which will vest in one-half increments on each of August 25, 2023 and August 25, 2024 or earlier upon certain events, subject to the reporting person's continued employment. Vesting results in the delivery of one share of common stock per vested RSU following the vesting date.