Richard J. Hendrix - 27 Feb 2023 Form 4 Insider Report for Navitas Semiconductor Corp (NVTS)

Role
Director
Signature
/s/ Richard J. Hendrix
Issuer symbol
NVTS
Transactions as of
27 Feb 2023
Net transactions value
$0
Form type
4
Filing time
01 Mar 2023, 16:19:23 UTC
Previous filing
18 May 2022
Next filing
05 Jun 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NVTS Class A Common Stock Award $0 +21,705 +147% $0.000000 36,451 27 Feb 2023 Direct F1
holding NVTS Class A Common Stock 40,225 27 Feb 2023 By Individual retirement accounts F2
holding NVTS Class A Common Stock 183,282 27 Feb 2023 By RJH Management Co., LLC F3
holding NVTS Class A Common Stock 4,631,000 27 Feb 2023 By Live Oak Sponsor Partners II, LLC F4
* 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 21,870 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 Balance includes 139,006 shares previously reported as held by Live Oak and beneficially owned indirectly by the reporting person by virtue of his pecuniary interest therein.
F4 The reporting person is a managing member of Live Oak. The reporting person disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein.