Form 4 for NVTS Navitas Semiconductor Corp
Accepted 2021-10-21 00:00:00 ET · period of report 2021-10-19 · accession 0001062993-21-009803 · 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 | Glickman Todd | Interim Chf Financial Off | A - Grant | $0.00 | +920.2K | 225.2K | New | $0 |
| DM | 2021-10-21 | 2021-10-19 | NVTS | Glickman Todd | Interim Chf Financial Off | A - Grant | $0.00 | +104.2K | 16.6K | 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 | 547,200 | $0.00 | 920,184 | D | — | — | (F3) Received in exchange for 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 February 25, 2022. |
| 2 | Common | Common Stock | 2021-10-19 | A | A | 147,744 | $0.00 | 372,984 | D | — | — | (F2) Received in exchange for 135,000 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 partially vested and will fully vest on September 15, 2024. |
| 3 | Common | Common Stock | 2021-10-19 | A | A | 225,240 | — | 225,240 | D | — | — | (F1) Received in exchange for 205,812 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 |
| 4 | Derivative | Stock Option (Right to Buy) | 2021-10-19 | A | A | 87,552 | $0.00 | 87,552 | D | $0.21 · 2021-10-19 to 2029-08-18 | 87,552 Common Stock | (F5) Received in exchange for stock options to acquire 80,000 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 March 16, 2023. |
| 5 | Derivative | Stock Option (Right to Buy) | 2021-10-19 | A | A | 16,621 | $0.00 | 16,621 | D | $0.19 · 2021-10-19 to 2028-03-27 | 16,621 Common Stock | (F4) Received in exchange for stock options to acquire 15,188 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. |