Eugene Sheridan - Dec 31, 2022 Form 5 Insider Report for Navitas Semiconductor Corp (NVTS)

Signature
/s/ Paul D. Delva, attorney-in-fact
Stock symbol
NVTS
Transactions as of
Dec 31, 2022
Transactions value $
$0
Form type
5
Date filed
2/10/2023, 03:56 PM
Previous filing
Nov 22, 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 Gift $0 -1M -44.13% $0.00 1.27M Mar 23, 2022 Eugene and Melissa Sheridan Trust F1
transaction NVTS Class A Common Stock Gift $0 +1M $0.00 1M Mar 23, 2022 By spouse F1
transaction NVTS Class A Common Stock Gift $0 -1M -100% $0.00* 0 Mar 23, 2023 By spouse F2
transaction NVTS Class A Common Stock Gift $0 +1M $0.00 1M Mar 23, 2022 GaNFast Trust F2
holding NVTS Class A Common Stock 210K Dec 31, 2022 GSMS Trust F3
holding NVTS Class A Common Stock 600K Dec 31, 2022 Lolas Trust F3
holding NVTS Class A Common Stock 2.21M Dec 31, 2022 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Gift to reporting person's spouse. The transferee remained subject to lock-up restrictions that affected the reported shares before transfer.
F2 Gift by reporting person's spouse to The GaNFast Trust for the benefit of the reporting person among other beneficiaries. The transferee remains subject to lock-up restrictions that affected the reported shares before transfer.
F3 The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
F4 Consists of (i) 390,083 shares of common stock and (ii) 1,824,000 shares of common stock underlying unvested restricted stock units, which will vest in one-half increments on each of August 25, 2023 and August 25, 2024, subject to the reporting person's continued employment, or earlier upon certain events. Vesting results in the delivery of one share of common stock per vested unit following the vesting date.