Richard J. Hendrix - Dec 6, 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
Dec 6, 2024
Transactions value $
-$218,817
Form type
4
Date filed
12/10/2024, 09:57 PM
Previous filing
Nov 26, 2024
Next filing
Dec 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NVTS Class A Common Stock Sale -$37.2K -10K -23.6% $3.72 32.4K Dec 6, 2024 By Live Oak Merchant Partners, LLC F1, F2
transaction NVTS Class A Common Stock Sale -$182K -40K -11.21% $4.54 317K Dec 9, 2024 By RJH Management Co., LLC F3, F4
holding NVTS Class A Common Stock 1.26M Dec 6, 2024 By Live Oak Sponsor Partners II, LLC F2
holding NVTS Class A Common Stock 71.8K Dec 6, 2024 By Individual retirement accounts
holding NVTS Class A Common Stock 94.7K Dec 6, 2024 Direct F5
* 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 $3.7200 to $3.7210, 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 The reporting person is a managing member of the specified limited liability company. The reporting person disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein.
F3 The sale of 40,000 shares reported herein is in addition to the sale by RJH Management Co., LLC of 80,000 shares on 12/06/2024 as reported on a Form 4 filed by the reporting person on that date.
F4 The reported securities were sold in multiple trades at prices ranging from $4.5100 to $4.5750, 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 Consists of (i) 63,279 shares of common stock and (ii) 31,460 shares of common stock 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.