| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | NVTS | Class A Common Stock | Sale | -$1.37M | -453K | -14.8% | $3.03 | 2.61M | Aug 28, 2024 | Direct | F1, F2 |
| transaction | NVTS | Class A Common Stock | Sale | -$806K | -265K | -10.16% | $3.04 | 2.34M | Aug 29, 2024 | Direct | F3, F4 |
| transaction | NVTS | Class A Common Stock | Sale | -$588K | -194K | -8.26% | $3.03 | 2.15M | Aug 30, 2024 | Direct | F3, F5 |
| holding | NVTS | Class A Common Stock | 1.23M | Aug 28, 2024 | Eugene and Melissa Sheridan Trust | ||||||
| holding | NVTS | Class A Common Stock | 800K | Aug 28, 2024 | Lolas Trust | F6 | |||||
| holding | NVTS | Class A Common Stock | 761K | Aug 28, 2024 | GaNFast Trust |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | Reflects sales made pursuant to the issuer's policy requiring "sales to cover" of the minimum number of shares as are necessary to satisfy tax withholding obligations arising exclusively from the vesting of a compensatory award, including restricted stock units, and intending to satisfy the requirements of Rule 10b5-1(c) under the Securities Exchange Act of 1934. The reporting person does not exercise control over the timing of such sales or the number of shares sold. |
| F2 | The reported securities were sold in multiple trades at prices ranging from $2.9425 to $3.0289, 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. |
| F3 | The reported shares were sold pursuant to a contract, instruction or written plan intended to satisfy the conditions of Rule 10b5-1(c) under the Securities Exchange Act of 1934. |
| F4 | The reported securities were sold in multiple trades at prices ranging from $2.9100 to $3.1600, 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 $2.9750 to $3.1750, 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 | The reporting person disclaims beneficial ownership of the reported securities. Accordingly, by filing this report the reporting person does not thereby admit that the reporting person beneficially owns the reported securities, whether for purposes of Section 16 of the Securities Exchange Act of 1934 or any other purpose. |