Richard J. Hendrix - Sep 1, 2023 Form 4 Insider Report for Navitas Semiconductor Corp (NVTS)

Role: Director
Signature: /s/ Paul D. Delva, attorney-in-fact
Stock symbol: NVTS
Transactions as of: Sep 1, 2023
Transactions value $: -$177,014
Form type: 4
Date filed: 9/1/2023, 04:54 PM
Previous filing: Jun 12, 2023
Next filing: Nov 16, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NVTS	Class A Common Stock	Sale	-$177K	-20K	-10.91%	$8.85	163K	Sep 1, 2023	By RJH Management Co., LLC
holding	NVTS	Class A Common Stock						4.63M	Sep 1, 2023	By Live Oak Sponsor Partners II, LLC	F1
holding	NVTS	Class A Common Stock						63.3K	Sep 1, 2023	Direct	F2
holding	NVTS	Class A Common Stock						28.4K	Sep 1, 2023	By Individual retirement accounts

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person is a managing member of Live Oak Sponsor Partners II, LLC. The reporting person disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein.
F2	Includes 21,705 shares underlying unvested restricted stock units ("RSUs") subject to vesting on November 10, 2023 and 15,021 shares underlying unvested RSUs subject to vesting on the date of the issuer's 2024 annual stockholders' meeting, in each case subject to the reporting person's continued service on the issuer's board of directors on the vesting date. RSUs are granted under the issuer's non-employee director compensation program and 2021 Equity Incentive Plan (the "Plan"), and represent the reporting person's right to receive one share of Class A Common Stock following the vesting date in accordance with the Plan and subject to applicable issuer policies.

Content

The reporting person is a managing member of Live Oak Sponsor Partners II, LLC. The reporting person disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein.

Includes 21,705 shares underlying unvested restricted stock units ("RSUs") subject to vesting on November 10, 2023 and 15,021 shares underlying unvested RSUs subject to vesting on the date of the issuer's 2024 annual stockholders' meeting, in each case subject to the reporting person's continued service on the issuer's board of directors on the vesting date. RSUs are granted under the issuer's non-employee director compensation program and 2021 Equity Incentive Plan (the "Plan"), and represent the reporting person's right to receive one share of Class A Common Stock following the vesting date in accordance with the Plan and subject to applicable issuer policies.