Eugene Sheridan - Mar 14, 2023 Form 4 Insider Report for Navitas Semiconductor Corp (NVTS)

Signature
/s/ Paul D. Delva, attorney-in-fact
Stock symbol
NVTS
Transactions as of
Mar 14, 2023
Transactions value $
-$242,682
Form type
4
Date filed
3/16/2023, 08:17 PM
Previous filing
Feb 10, 2023
Next filing
Jun 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NVTS Class A Common Stock Award $0 +38.5K +1.74% $0.00 2.25M Mar 14, 2023 Direct F1
transaction NVTS Class A Common Stock Sale -$243K -38.5K -1.71% $6.30 2.21M Mar 15, 2023 Direct F2, F3
holding NVTS Class A Common Stock 1.27M Mar 14, 2023 Eugene and Melissa Sheridan Trust
holding NVTS Class A Common Stock 1M Mar 14, 2023 GaNFast Trust
holding NVTS Class A Common Stock 600K Mar 14, 2023 Lolas Trust F4
holding NVTS Class A Common Stock 210K Mar 14, 2023 GSMS Trust F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects award of fully vested restricted stock units (RSUs).
F2 Includes but is not limited to sales executed automatically, pursuant to issuer policy, 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.
F3 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.
F4 The reporting person disclaims beneficial ownership of the reported 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.