Richard J. Hendrix - Jun 7, 2024 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: Jun 7, 2024
Transactions value $: $0
Form type: 4
Date filed: 6/10/2024, 05:03 PM
Previous filing: Jun 4, 2024
Next filing: Oct 21, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NVTS	Class A Common Stock	Award	$0	+31.5K	+49.72%	$0.00	94.7K	Jun 7, 2024	Direct	F1
holding	NVTS	Class A Common Stock						2.95M	Jun 7, 2024	By Live Oak Sponsor Partners II, LLC	F2
holding	NVTS	Class A Common Stock						299K	Jun 7, 2024	By RJH Management Co., LLC
holding	NVTS	Class A Common Stock						50.2K	Jun 7, 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.