| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | NVTS | Class A Common Stock | Award | $0 | +4.31K | $0.00 | 4.31K | Mar 16, 2023 | Direct | F1 | |
| transaction | NVTS | Class A Common Stock | Sale | -$10.2K | -1.56K | -36.12% | $6.55 | 2.75K | Mar 17, 2023 | Direct | F2, F3 |
| holding | NVTS | Class A Common Stock | 18.6M | Mar 16, 2023 | SiCPower, LLC | F4 | |||||
| holding | NVTS | Class A Common Stock | 6.24M | Mar 16, 2023 | In trust | F5 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | Reflects shares underlying award of fully vested restricted stock units ("RSUs"). |
| F2 | In accordance with issuer policy the reported securities were sold automatically solely to cover applicable withholding taxes, incurred by the reporting person as a result of the settlement of vested RSUs, in transactions intended to comply with a trading plan under Rule 10b5-1(c) of the Exchange Act. |
| F3 | The reported securities were sold in multiple trades at prices ranging from $6.55 to $6.61, inclusive. The price reported above reflects the weighted average sale price. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected. |
| F4 | The reporting person is the sole manager of SiCPower, LLC and may be deemed to have indirect beneficial ownership of the reported securities held by SiCPower, LLC. The reporting person disclaims beneficial ownership of the reported securities, for purposes of Section 16 of the Exchange Act or otherwise. |
| F5 | The reported securities are held in an irrevocable trust for which the reporting person acted as grantor. The reporting person disclaims beneficial ownership of the reported securities, for purposes of Section 16 of the Exchange Act or otherwise. |