| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | NVTS | Class A Common Stock | Sale | -$342K | -32.1K | -3.34% | $10.68 | 927K | Jul 5, 2023 | GaNFast Trust | F1, F2 |
| transaction | NVTS | Class A Common Stock | Sale | -$245K | -24.4K | -2.63% | $10.07 | 903K | Jul 6, 2023 | GaNFast Trust | F1, F3 |
| holding | NVTS | Class A Common Stock | 1.91M | Jul 5, 2023 | Direct | F4 | |||||
| holding | NVTS | Class A Common Stock | 1.37M | Jul 5, 2023 | Eugene and Melissa Sheridan Trust | F5 | |||||
| holding | NVTS | Class A Common Stock | 800K | Jul 5, 2023 | Lolas Trust | F6 | |||||
| holding | NVTS | Class A Common Stock | 210K | Jul 5, 2023 | GSMS Trust | F6 |
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 | The reported sales were made pursuant to a contract, instruction or written plan intended to satisfy the conditions of Rule 10b5-1(c) under the Securities Exchange Act of 1934. |
| F2 | The reported securities were sold in multiple trades at prices ranging from $10.30 to $11.13, 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. |
| F3 | The reported securities were sold in multiple trades at prices ranging from $9.89 to $10.43, 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 | Consists of (i) 90,083 shares of common stock held directly following the transaction described in note 5 below 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, before taxes. |
| F5 | Includes 300,000 shares previously reported as held directly and subsequently gifted by the reporting person to the Eugene and Melissa Sheridan Trust in a transaction exempt from Section 16 under Rule 16a-13 thereunder. As a condition to the permissibility of the gift under lock-up agreements to which the gifted shares are subject, the donee has agreed that the gifted shares will be subject to the same transfer restrictions. |
| F6 | The reporting person disclaims beneficial ownership of the reported securities, and this report shall not be deemed an admission that the reporting person beneficially owns the reported securities for purposes of Section 16 or any other purpose. |