Dipender Saluja - 27 Feb 2023 Form 4 Insider Report for Navitas Semiconductor Corp (NVTS)

Role
Director
Signature
/s/ Paul D. Delva, attorney-in-fact
Issuer symbol
NVTS
Transactions as of
27 Feb 2023
Net transactions value
$0
Form type
4
Filing time
01 Mar 2023, 16:34:14 UTC
Previous filing
09 Jan 2023
Next filing
07 Apr 2023
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 Award $0 +21,705 +207% $0.000000 32,168 27 Feb 2023 Direct F1
holding NVTS Class A Common Stock 6,379,718 27 Feb 2023 Capricorn-Libra Investment Group, LP F2
holding NVTS Class A Common Stock 3,237,161 27 Feb 2023 Technology Impact Fund, L.P. F3
* 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 Shares are held by Capricorn-Libra Investment Group, LP, of which the reporting person is managing director. The reporting person disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein.
F3 Shares are held by Technology Impact Fund, L.P., of which the reporting person is managing director. The reporting person disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein.