Ron Shelton - Dec 7, 2023 Form 4 Insider Report for Navitas Semiconductor Corp (NVTS)

Role: Sr VP, CFO and Treasurer
Signature: /s/ Paul D. Delva, attorney-in-fact
Stock symbol: NVTS
Transactions as of: Dec 7, 2023
Transactions value $: -$226,059
Form type: 4
Date filed: 12/7/2023, 06:24 PM
Previous filing: Aug 25, 2023
Next filing: Dec 15, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NVTS	Class A Common Stock	Sale	-$226K	-30K	-8.65%	$7.54	317K	Dec 7, 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The reported securities were sold in multiple trades at prices ranging from $7.4700 to $7.6000, 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.
F2	Consists of (i) 35,418 shares held directly and (ii) 281,250 shares underlying unvested time-based restricted stock units ("RSUs"), which will vest in one-third increments on each of April 20, 2024, April 20, 2025 and April 20, 2026, subject to the reporting person's continued employment on the respective vesting dates. RSU vesting results in the delivery of one share of common stock per vested RSU following the vesting date, before sales of settled shares to cover withholding taxes incurred by the reporting person upon settlement, if applicable, and subject to the issuer's equity incentive plan and applicable policies.

Content

The reported securities were sold in multiple trades at prices ranging from $7.4700 to $7.6000, 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.

Consists of (i) 35,418 shares held directly and (ii) 281,250 shares underlying unvested time-based restricted stock units ("RSUs"), which will vest in one-third increments on each of April 20, 2024, April 20, 2025 and April 20, 2026, subject to the reporting person's continued employment on the respective vesting dates. RSU vesting results in the delivery of one share of common stock per vested RSU following the vesting date, before sales of settled shares to cover withholding taxes incurred by the reporting person upon settlement, if applicable, and subject to the issuer's equity incentive plan and applicable policies.