Form 4 for NVTS Navitas Semiconductor Corp
Accepted 2021-10-21 00:00:00 ET · period of report 2021-10-19 · accession 0001062993-21-009799 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2021-10-21 | 2021-10-19 | NVTS | Kinzer Daniel M. | Chief Oprtng, Tech Off, Dir | A - Grant | $0.00 | +4.41M | 4.41M | New | $0 |
| D | 2021-10-21 | 2021-10-19 | NVTS | Kinzer Daniel M. | Chief Oprtng, Tech Off, Dir | A - Grant | $0.00 | +450.1K | 450.1K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-10-19 | A | A | 3,320,035 | — | 3,320,035 | D | — | — | (F1) Received in exchange for 3,033,658 shares of Navitas Semiconductor Limited, Inc. ("Navitas Semiconductor") in connection with the merger of Navitas Semiconductor into Navitas Semiconductor Corporation (the "Company") pursuant to the exchange ratio set forth in the Business Combination Agreement and Plan of Reorganization between Navitas Semiconductor and the Company. The closing price of the Company's Common Stock on the effective date of the merger was $13.38 |
| 2 | Common | Common Stock | 2021-10-19 | A | A | 1,094,400 | $0.00 | 4,414,435 | D | — | — | (F2) Received in exchange for 1,000,000 Restricted Stock Units of Navitas Semiconductor in connection with the merger of Navitas Semiconductor into the Company pursuant to the exchange ratio set forth in the Business Combination Agreement and Plan of Reorganization between Navitas Semiconductor and the Company. The closing price of the Company's Common Stock on the effective date of the merger was $13.38. These RSUs are unvested and will fully vest on August 25, 2024. |
| 3 | Derivative | Stock Option (Right to Buy) | 2021-10-19 | A | A | 450,072 | $0.00 | 450,072 | D | $0.19 · 2021-10-19 to 2028-03-27 | 450,072 Common Stock | (F3) Received in exchange for stock options to acquire 411,250 shares of Navitas Semiconductor in connection with the merger of Navitas Semiconductor into Company pursuant to the exchange ratio set forth in the Business Combination Agreement and Plan of Reorganization between Navitas Semiconductor and the Company. The closing price of the Company's Common Stock on the effective date of the merger was $13.38. These stock options are partially vested and will fully vest on November 16, 2021. |