Form 4 for NVTS Navitas Semiconductor Corp
Accepted 2021-10-22 00:00:00 ET · period of report 2021-10-19 · accession 0001062993-21-009828 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MI | 2021-10-22 | 2021-10-19 | NVTS | Saluja Dipender | Dir | A - Grant | — | +9.62M | 6.38M | New | — |
| 2021-10-22 | 2021-10-19 | NVTS | Saluja Dipender | Dir | A - Grant | $0.00 | +10.5K | 10.5K | 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 | 3,237,161 | — | 3,237,161 | I | — | — | (F4) Received in exchange for 2,957,933 shares 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. |
| 2 | Common | Common Stock | 2021-10-19 | A | A | 6,379,718 | — | 6,379,718 | I Technology Impact Fund, L.P. | — | — | (F2) Received in exchange for 5,829,421 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. (F5) Shares are held by Technology Impact Fund, L.P. ("Technology Impact Fund"), Dipender Saluja is Managing Director of Technology Impact Fund. Dipender Saluja may be deemed a beneficial owner of such shares, Dipender Saluja disclaims beneficial ownership of all shares held by Technology Impact Fund, except to the extent of his actual pecuniary interest in such shares. |
| 3 | Common | Common Stock | 2021-10-19 | A | A | 10,463 | $0.00 | 10,463 | D Capricorn-Libra Investment Group, LP | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. The reporting person received a restricted stock unit award which are unvested and fully vest on October 19, 2022. (F3) Shares are held by Capricorn-Libra Investment Group, LP ("Capricorn-Libra"), Dipender Saluja is Managing Director of Capricorn-Libra. Dipender Saluja may be deemed a beneficial owner of such shares, Dipender Saluja disclaims beneficial ownership of all shares held by Capricorn-Libra, except to the extent of his actual pecuniary interest in such shares. |