| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | NVTS | Class A Common Stock | Sale | -$2.55M | -306K | -16% | $8.32 | 1.61M | Aug 28, 2023 | Direct | F1, F2 |
| transaction | NVTS | Class A Common Stock | Sale | -$2.49M | -304K | -18.88% | $8.20 | 1.3M | Aug 29, 2023 | Direct | F1, F3 |
| transaction | NVTS | Class A Common Stock | Sale | -$2.51M | -302K | -23.17% | $8.30 | 1M | Aug 30, 2023 | Direct | F1, F4, F5 |
| transaction | NVTS | Class A Common Stock | Gift | $0 | -140K | -100% | $0.00* | 0 | Aug 29, 2023 | By spouse | |
| holding | NVTS | Class A Common Stock | 1.23M | Aug 28, 2023 | Eugene and Melissa Sheridan Trust | ||||||
| holding | NVTS | Class A Common Stock | 862K | Aug 28, 2023 | GaNFast Trust | ||||||
| holding | NVTS | Class A Common Stock | 800K | Aug 28, 2023 | Lolas 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 | Includes but is not limited to sales executed automatically, pursuant to issuer policy, to cover applicable withholding taxes incurred by the reporting person as a result of the settlement of vested restricted stock units (RSUs), in transactions intended to comply with a trading plan under Rule 10b5-1(c) of the Exchange Act. Of the total number of reported securities sold on 8/28/2023, 8/29/2023 and 8/30/2023, a total of 450,181 shares were sold to cover such withholding taxes. |
| F2 | The reported securities were sold in multiple trades at prices ranging from $8.065 to $8.5700, 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 $8.0150 to $8.3900, 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 reported securities were sold in multiple trades at prices ranging from $8.0150 to $8.4650, 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. |
| F5 | Consists of (i) 90,083 shares of common stock held directly and (ii) 912,000 shares of common stock underlying unvested restricted stock units, which will vest in full on 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. |
| 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. |