Gary Kent Wunderlich JR - Feb 27, 2023 Form 4 Insider Report for Navitas Semiconductor Corp (NVTS)

Role
Director
Signature
/s/ Gary K. Wunderlich, Jr.
Stock symbol
NVTS
Transactions as of
Feb 27, 2023
Transactions value $
$0
Form type
4
Date filed
3/1/2023, 04:13 PM
Previous filing
Jan 4, 2023
Next filing
Jun 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NVTS Class A Common Stock Award $0 +21.7K +11.05% $0.00 218K Feb 27, 2023 Direct F1, F2
holding NVTS Class A Common Stock 2.61K Feb 27, 2023 Trust A F3
holding NVTS Class A Common Stock 2.61K Feb 27, 2023 Trust B F3
holding NVTS Class A Common Stock 2.61K Feb 27, 2023 Trust C F3
holding NVTS Class A Common Stock 2.61K Feb 27, 2023 Trust D F3
holding NVTS Class A Common Stock 46.4K Feb 27, 2023 Individual retirement account F4
holding NVTS Class A Common Stock 24.9K Feb 27, 2023 Live Oak Merchant Partners LLC F5
holding NVTS Class A Common Stock 4.63M Feb 27, 2023 Live Oak Sponsor Partners II, LLC F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares underlying restricted stock units ("RSUs") granted under the issuer's non-employee director compensation program and the Navitas Semiconductor Corporation 2021 Equity Incentive Plan (the "Plan"). Each RSU represents the reporting person's right to receive one share of Class A Common Stock of the issuer following the vesting date in accordance with the Plan. All RSUs vest on November 10, 2023, the one-year anniversary of the issuer's 2022 annual stockholders' meeting, subject to the reporting person's continued service as of the vesting date.
F2 Balance includes 117,136 shares previously reported as held by Live Oak Sponsor Partners II, LLC ("Live Oak") and beneficially owned indirectly by the reporting person by virtue of his pecuniary interest therein.
F3 In separate trusts for the benefit of the reporting person's immediate family members.
F4 Balance includes 43,740 shares previously reported as held by Live Oak and beneficially owned indirectly by the reporting person by virtue of his pecuniary interest therein.
F5 Shares previously reported as held by Live Oak and beneficially owned indirectly by the reporting person by virtue of his pecuniary interest therein.
F6 The reporting person is a managing member of Live Oak Sponsor Partners II, LLC. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.