Richard J. Hendrix - Dec 10, 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 10, 2024
Transactions value $
-$88,914
Form type
4
Date filed
12/11/2024, 05:08 PM
Previous filing
Dec 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NVTS Class A Common Stock Sale -$88.9K -20K -6.31% $4.45 297K Dec 10, 2024 By RJH Management Co., LLC F1
holding NVTS Class A Common Stock 1.26M Dec 10, 2024 By Live Oak Sponsor Partners II, LLC F2
holding NVTS Class A Common Stock 94.7K Dec 10, 2024 Direct F3
holding NVTS Class A Common Stock 71.8K Dec 10, 2024 By Individual retirement accounts
holding NVTS Class A Common Stock 32.4K Dec 10, 2024 By Live Oak Merchant Partners, LLC F2
* 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 $4.4302 to $4.5050, 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 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 following the vesting date in accordance with the Plan and subject to applicable issuer policies.