Form 4 for NVTS Navitas Semiconductor Corp
Accepted 2021-10-21 00:00:00 ET · period of report 2021-10-19 · accession 0001062993-21-009800 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2021-10-21 | 2021-10-19 | NVTS | Sheridan Eugene | CEO, Dir | A - Grant | — | +3.08M | 3.08M | New | — |
| D | 2021-10-21 | 2021-10-19 | NVTS | Sheridan Eugene | CEO, Dir | A - Grant | $0.00 | +2.74M | 2.74M | New | $0 |
| D | 2021-10-21 | 2021-10-19 | NVTS | Sheridan Eugene | CEO, Dir | A - Grant | $0.00 | +1.99M | 1.99M | 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 | 3,076,044 | — | 3,076,044 | I The Eugene and Melissa Sheridan Trust | — | — | (F1) Received in exchange for 2,810,713 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 (F2) The Eugene and Melissa Sheridan Trust ("Eugene and Melissa Trust") is affiliated with Mr. Sheridan and the shares received by Eugene and Melissa Trust are beneficially owned by Mr. Sheridan, who is the Trustee. |
| 2 | Common | Common Stock | 2021-10-19 | A | A | 2,736,000 | $0.00 | 2,736,000 | D | — | — | (F3) Received in exchange for 2,500,000 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 | 1,994,544 | $0.00 | 1,994,544 | D | $0.19 · 2021-10-19 to 2028-03-27 | 1,994,544 Common Stock | (F4) Received in exchange for stock options to acquire 1,822,500 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. |