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

Role
President & CEO, Director
Signature
/s/ Paul D. Delva, attorney-in-fact
Issuer symbol
NVTS
Transactions as of
22 Aug 2023
Net transactions value
$0
Form type
4
Filing time
24 Aug 2023, 20:56:02 UTC
Previous filing
04 Aug 2023
Next filing
30 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 Gift $0 -210,000 -100% $0.000000* 0 22 Aug 2023 GSMS Trust F1, F2
transaction NVTS Class A Common Stock Gift $0 -140,000 -10% $0.000000 1,226,044 22 Aug 2023 Eugene and Melissa Sheridan Trust F3
transaction NVTS Class A Common Stock Gift $0 +140,000 $0.000000 140,000 22 Aug 2023 By spouse F3
holding NVTS Class A Common Stock 1,914,083 22 Aug 2023 Direct F4
holding NVTS Class A Common Stock 861,528 22 Aug 2023 GaNFast Trust
holding NVTS Class A Common Stock 800,000 22 Aug 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.