Brian Long - 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, 05:10 PM
Previous filing
Jun 12, 2023

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 +66.67% $0.00 78.6K Jun 7, 2024 Direct F1
holding NVTS Class A Common Stock 8.88M Jun 7, 2024 Atlantic Bridge III LP F2
* 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 managing director of Atlantic Bridge III LP. The reporting person disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein.