Dipender Saluja - Dec 12, 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
Dec 12, 2023
Transactions value $
-$1,372,027
Form type
4
Date filed
12/15/2023, 07:15 PM
Previous filing
Dec 8, 2023
Next filing
Jan 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NVTS Class A Common Stock Sale -$327K -43.5K -0.68% $7.51 6.34M Dec 12, 2023 Capricorn-Libra Investment Group, LP F1, F2
transaction NVTS Class A Common Stock Sale -$330K -43.5K -0.69% $7.59 6.29M Dec 13, 2023 Capricorn-Libra Investment Group, LP F2, F3
transaction NVTS Class A Common Stock Sale -$357K -43.5K -0.69% $8.21 6.25M Dec 14, 2023 Capricorn-Libra Investment Group, LP F2, F4
transaction NVTS Class A Common Stock Sale -$357K -43.5K -0.7% $8.21 6.21M Dec 15, 2023 Capricorn-Libra Investment Group, LP F2, F5
holding NVTS Class A Common Stock 3.24M Dec 12, 2023 Technology Impact Fund, L.P. F6
holding NVTS Class A Common Stock 47.2K Dec 12, 2023 Direct F7
* 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 $7.4400 to $7.5900 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 Shares are held by Capricorn-Libra Investment Group, LP, of which the reporting person is managing director. The reporting person disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein.
F3 The reported securities were sold in multiple trades at prices ranging from $7.3700 to $7.8400 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 $7.9900 to $8.3000 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 The reported securities were sold in multiple trades at prices ranging from $8.0300 to $8.4300 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.
F6 Shares are held by Technology Impact Fund, L.P., of which the reporting person is managing director. The reporting person disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein.
F7 Includes 15,021 shares underlying unvested restricted stock units ("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.