Form 4 for NVTS Navitas Semiconductor Corp
Accepted 2022-11-22 00:00:00 ET · period of report 2022-11-18 · accession 0001821769-22-000040 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2022-11-22 | 2022-11-18+ | NVTS | Kinzer Daniel M. | COO, CTO, Dir | S - Sale | $4.23 | -208.8K | 885.6K | -19% | -$883.9K |
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 | Class A Common Stock | 2022-11-18 | S | D | 103,538 | $4.38 | 990,862 | D | — | — | (F2) The reported securities were sold in multiple trades at prices ranging from $4.37 to $4.47, inclusive. The price reported above reflects the weighted average sale price. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected. |
| 2 | Common | Class A Common Stock | 2022-11-21 | S | D | 105,245 | $4.09 | 885,617 | D | — | — | (F3) The reported securities were sold in multiple trades at prices ranging from $4.06 to $4.39, inclusive. The price reported above reflects the weighted average sale price. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected. (F4) Consists of (i) 156,017 shares of common stock and (ii) 729,600 shares of common stock underlying restricted stock units (RSUs), which will vest in one-half increments on each of August 25, 2023 and August 25, 2024 or earlier upon certain events, subject to the reporting person's continued employment. Vesting results in the delivery of one share of common stock per vested RSU following the vesting date. |