Richard J. Hendrix - 06 Dec 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 Dec 2024
Net transactions value
-$323,040
Form type
4
Filing time
06 Dec 2024, 20:05:41 UTC
Previous filing
26 Nov 2024
Next filing
11 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NVTS Class A Common Stock Sale $323,040 -80,000 -18% $4.04 356,709 06 Dec 2024 By RJH Management Co., LLC F1
holding NVTS Class A Common Stock 94,739 06 Dec 2024 Direct F2
holding NVTS Class A Common Stock 1,263,000 06 Dec 2024 By Live Oak Sponsor Partners II, LLC F3
holding NVTS Class A Common Stock 42,366 06 Dec 2024 By Live Oak Merchant Partners, LLC F3
holding NVTS Class A Common Stock 71,807 06 Dec 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 The reported securities were sold in multiple trades at prices ranging from $3.8800 to $4.1400, 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 Consists of (i) 63,279 shares of common stock held directly and (ii) 31,460 shares underlying unvested restricted stock units ("RSUs") subject to vesting on the date of the issuer's 2025 annual stockholders' meeting. RSU vesting is subject to the reporting person's continued service on the issuer's board of directors on the vesting date. RSUs are granted under the issuer's non-employee director compensation program and 2021 Equity Incentive Plan (the "Plan"), and represent the reporting person's right to receive one share of Class A Common Stock per vested RSU following the vesting date in accordance with the Plan and subject to applicable issuer policies.
F3 The reporting person is a managing member of the referenced limited liability company. The reporting person disclaims beneficial ownership of the reported shares for purposes of Section 16 of the Securities Exchange Act of 1934, except to the extent of his pecuniary interest therein.