Dipender Saluja - 06 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
06 Jun 2024
Net transactions value
-$1,175,584
Form type
4
Filing time
10 Jun 2024, 17:09:44 UTC
Previous filing
05 Apr 2024
Next filing
12 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NVTS Class A Common Stock Sale $397,072 -87,060 -1.4% $4.56 6,118,539 06 Jun 2024 Capricorn-Libra Investment Group, LP F1, F2
transaction NVTS Class A Common Stock Sale $391,039 -87,060 -1.4% $4.49 6,031,479 07 Jun 2024 Capricorn-Libra Investment Group, LP F2, F3
transaction NVTS Class A Common Stock Sale $387,473 -87,059 -1.4% $4.45 5,944,420 10 Jun 2024 Capricorn-Libra Investment Group, LP F2, F4
transaction NVTS Class A Common Stock Award $0 +31,460 +67% $0.000000 78,649 07 Jun 2024 Direct F5
holding NVTS Class A Common Stock 3,237,161 06 Jun 2024 Technology Impact Fund, L.P. F6
* 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 $4.4100 to $4.6400 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 $4.3700 to $4.6400 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 $4.2700 to $4.5500 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 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).
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.