Form 4 for NVTS Navitas Semiconductor Corp

Accepted 2021-11-05 00:00:00 ET · period of report 2021-10-19 · accession 0001062993-21-010292 · 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
I	2021-11-05	2021-10-19	NVTS	LONG BRIAN	Dir	A - Grant	—	+8.87M	8.87M	New	—
	2021-11-05	2021-10-19	NVTS	LONG BRIAN	Dir	A - Grant	$0.00	+10.5K	10.5K	New	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2021-10-19	A	A	8,866,500	—	8,866,500	I	—	—	(F2) Received in exchange for 8,101,700 shares of Navitas Semiconductor Limited ("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	10,463	$0.00	10,463	D Atlantic Bridge III 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 Atlantic Bridge III LP ("Atlantic Bridge"), Brian Long is Managing Director of Atlantic Bridge. Brian Long may be deemed a beneficial owner of such shares, Brian Long disclaims beneficial ownership of all shares held by Atlantic Bridge, except to the extent of his actual pecuniary interest in such shares.