| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | NVTS | Class A Common Stock | Award | $0 | +179K | +609.86% | $0.00 | 208K | Dec 6, 2024 | Direct | F1 |
| transaction | NVTS | Class A Common Stock | Sale | -$148K | -34.6K | -16.62% | $4.27 | 174K | Dec 10, 2024 | Direct | F2, F3 |
| holding | NVTS | Class A Common Stock | 24.9M | Dec 6, 2024 | SiCPower, LLC | F4 |
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 shares of common stock underlying restricted stock units (RSUs), 162,661 of which were fully vested upon grant and 16,377 of which are scheduled to vest on the date of the issuer's 2025 annual stockholders' meeting, subject to the reporting person's continued service as a director of the company on the vesting date, in each case granted in connection with the reporting person's election to the issuer's board of directors as disclosed in the issuer's current report on Form 8-K filed with the Securities and Exchange Commission on December 3, 2024. RSUs entitle the holder to receive one share of common stock per vested RSU, upon or promptly following the vesting date, before "sales to cover" taxes as described in note 2 and subject to the applicable equity incentive plan and policies of the issuer. |
| F2 | 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. |
| F3 | The reported securities were sold in multiple trades at prices ranging from $4.1450 to $4.2691, 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 reporting person is the sole manager of SiCPower, LLC and may be deemed to have indirect beneficial ownership of the shares held by SiCPower, LLC. The reporting person disclaims beneficial ownership of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934. |