Gary Kent Wunderlich Jr. - 08 Jun 2023 Form 4 Insider Report for Navitas Semiconductor Corp (NVTS)

Role
Director
Signature
/s/ Gary K. Wunderlich, Jr.
Issuer symbol
NVTS
Transactions as of
08 Jun 2023
Net transactions value
$0
Form type
4
Filing time
12 Jun 2023, 20:54:50 UTC
Previous filing
01 Mar 2023
Next filing
25 Aug 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 +15,021 +8.4% $0.000000 194,523 08 Jun 2023 Direct F1, F2
holding NVTS Class A Common Stock 4,631,000 08 Jun 2023 Live Oak Sponsor Partners II, LLC F3
holding NVTS Class A Common Stock 24,935 08 Jun 2023 Live Oak Merchant Partners LLC F4
holding NVTS Class A Common Stock 2,610 08 Jun 2023 Trust A F5
holding NVTS Class A Common Stock 2,610 08 Jun 2023 Trust B F5
holding NVTS Class A Common Stock 2,610 08 Jun 2023 Trust C F5
holding NVTS Class A Common Stock 2,610 08 Jun 2023 Trust D F5
holding NVTS Class A Common Stock 69,984 08 Jun 2023 Individual retirement account
* 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 and subject to applicable issuer policies. The RSUs will vest in full immediately before the issuer's 2024 annual stockholders' meeting , subject to the reporting person's continued service as a director at that time, and provided such meeting is within 30 days of the first anniversary of the 2023 annual stockholders' meeting (otherwise the RSUs will vest one year after the grant date).
F2 Includes 21,705 RSUs subject to vesting on November 10, 2023.
F3 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.
F4 The reporting person is a managing member of Live Oak Merchant Partners LLC. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
F5 In separate trusts for the benefit of the reporting person's immediate family members.