| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | NVTS | Class A Common Stock | Sale | -$309K | -49.2K | -100% | $6.29 | 0 | Nov 14, 2023 | By Live Oak Merchant Partners LLC | F1, F2, F3 |
| holding | NVTS | Class A Common Stock | 2.95M | Nov 14, 2023 | By Live Oak Sponsor Partners II, LLC | F4 | |||||
| holding | NVTS | Class A Common Stock | 302K | Nov 14, 2023 | By RJH Management Co., LLC | F5 | |||||
| holding | NVTS | Class A Common Stock | 63.3K | Nov 14, 2023 | Direct | F6 | |||||
| holding | NVTS | Class A Common Stock | 50.2K | Nov 14, 2023 | By Individual retirement accounts | F7 |
| Id | Content |
|---|---|
| F1 | The reported shares were previously reported as held by Live Oak Sponsor Partners II, LLC ("Live Oak Sponsor") and beneficially owned indirectly by the reporting person by virtue of his pecuniary interest therein. The reported shares were subsequently distributed by Live Oak Sponsor to Live Oak Merchant Partners, LLC in a transaction that was not reportable under Section 16 of the Securities Exchange Act of 1934. |
| F2 | The reported securities were sold in multiple trades at prices ranging from $6.2900 to $6.3050, 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 reporting person is a managing member of Live Oak Merchant Partners, LLC. The reporting person disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein. |
| F4 | The reporting person is a managing member of Live Oak Sponsor. The reporting person disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein. |
| F5 | Includes 138,311 shares of common stock that were previously reported as as held by Live Oak Sponsor and beneficially owned indirectly by the reporting person by virtue of his pecuniary interest therein. Those 138,311 shares were subsequently distributed by Live Oak Sponsor to RJH Management Co., LLC in a transaction that was not reportable under Section 16 of the Securities Exchange Act of 1934. |
| F6 | Includes 15,021 shares underlying unvested RSUs subject to vesting on the date of the issuer's 2024 annual stockholders' meeting. RSU vesting is 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. |
| F7 | Includes 21,761 shares of common stock that were previously reported as as held by Live Oak Sponsor and beneficially owned indirectly by the reporting person by virtue of his pecuniary interest therein. Those 21,761 shares were distributed by Live Oak Sponsor to an individual retirement account of the reporting person in a transaction that was not reportable under Section 16 of the Securities Exchange Act of 1934. |