Richard J. Hendrix - 07 Jun 2024 Form 4 Insider Report for Navitas Semiconductor Corp (NVTS)

Role: Director
Signature: /s/ Paul D. Delva, attorney-in-fact
Issuer symbol: NVTS
Transactions as of: 07 Jun 2024
Net transactions value: $0
Form type: 4
Filing time: 10 Jun 2024, 17:03:02 UTC
Previous filing: 16 Oct 2024
Next filing: 21 Oct 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NVTS	Class A Common Stock	Award	$0	+31,460	+50%	$0.000000	94,739	07 Jun 2024	Direct	F1
holding	NVTS	Class A Common Stock						2,947,000	07 Jun 2024	By Live Oak Sponsor Partners II, LLC	F2
holding	NVTS	Class A Common Stock						299,093	07 Jun 2024	By RJH Management Co., LLC
holding	NVTS	Class A Common Stock						50,156	07 Jun 2024	By Individual retirement accounts

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

Explanation of Responses:

Id	Content
F1	Reflects shares underlying restricted stock units ("RSUs") granted under the issuer's non-employee director compensation program and the Navitas Semiconductor Corporation 2021 Equity Incentive Plan (the "Plan"). Each RSU represents the reporting person's right to receive one share of Class A Common Stock of the issuer following the vesting date in accordance with the Plan and subject to applicable issuer policies. The RSUs will vest in full immediately before the issuer's 2025 annual stockholders' meeting, subject to the reporting person's continued service as a director at that time, and provided such meeting is within 30 days of the first anniversary of the 2024 annual stockholders' meeting (otherwise the RSUs will vest one year after the grant date).
F2	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.

Content

Reflects shares underlying restricted stock units ("RSUs") granted under the issuer's non-employee director compensation program and the Navitas Semiconductor Corporation 2021 Equity Incentive Plan (the "Plan"). Each RSU represents the reporting person's right to receive one share of Class A Common Stock of the issuer following the vesting date in accordance with the Plan and subject to applicable issuer policies. The RSUs will vest in full immediately before the issuer's 2025 annual stockholders' meeting, subject to the reporting person's continued service as a director at that time, and provided such meeting is within 30 days of the first anniversary of the 2024 annual stockholders' meeting (otherwise the RSUs will vest one year after the grant date).

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.