Eugene Sheridan - Aug 22, 2023 Form 4 Insider Report for Navitas Semiconductor Corp (NVTS)

Signature
/s/ Paul D. Delva, attorney-in-fact
Stock symbol
NVTS
Transactions as of
Aug 22, 2023
Transactions value $
$0
Form type
4
Date filed
8/24/2023, 08:56 PM
Previous filing
Aug 4, 2023
Next filing
Aug 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NVTS Class A Common Stock Gift $0 -210K -100% $0.00* 0 Aug 22, 2023 GSMS Trust F1, F2
transaction NVTS Class A Common Stock Gift $0 -140K -10.25% $0.00 1.23M Aug 22, 2023 Eugene and Melissa Sheridan Trust F3
transaction NVTS Class A Common Stock Gift $0 +140K $0.00 140K Aug 22, 2023 By spouse F3
holding NVTS Class A Common Stock 1.91M Aug 22, 2023 Direct F4
holding NVTS Class A Common Stock 862K Aug 22, 2023 GaNFast Trust
holding NVTS Class A Common Stock 800K Aug 22, 2023 Lolas Trust F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects distribution of the reported securities to the beneficiaries of GSMS Trust.
F2 The reporting person disclaims beneficial ownership of the reported securities, and this report shall not be deemed an admission that the reporting person was or is the beneficial owner of the reported securities for purposes of Section 16 or for any other purpose.
F3 Reflects gift of the reported securities to the reporting person's spouse.
F4 Consists of (i) 90,083 shares of common stock held directly 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.