Form 4 for NVTS Navitas Semiconductor Corp
Accepted 2023-01-04 00:00:00 ET · period of report 2022-03-03 · accession 0001821769-23-000004 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2023-01-04 | 2022-03-03 | NVTS | Wunderlich Gary Kent JR | Dir | F - Tax | — | -37.0K | 2,610 | -93% | — |
| DMI | 2023-01-04 | 2022-03-03 | NVTS | Wunderlich Gary Kent JR | Dir | M - OptEx | $11.50 | +50.0K | 10.0K | New | +$575.0K |
| DM | 2023-01-04 | 2022-03-03+ | NVTS | Wunderlich Gary Kent JR | Dir | M - OptEx | $11.50 | +214.9K | 146.2K | New | +$2.47M |
| DM | 2023-01-04 | 2022-03-03+ | NVTS | Wunderlich Gary Kent JR | Dir | F - Tax | — | -158.8K | 79.3K | -67% | — |
| DMI | 2023-01-04 | 2022-03-03 | NVTS | Wunderlich Gary Kent JR | Dir | M - OptEx | $0.00 | -50.0K | 0 | -100% | $0 |
| DM | 2023-01-04 | 2022-03-03+ | NVTS | Wunderlich Gary Kent JR | Dir | M - OptEx | $0.00 | -214.9K | 90.5K | -70% | $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 | Class A Common Stock | 2022-03-03 | F | D | 7,390 | — | 2,610 | I Individual retirement account | — | — | (F2) Since shares were acquired on a net basis, this entry is provided only to satisfy the requirements of Form 4 (except, if note 7 also applies, to the extent figure reflects previously reported shares described in note 7). As applicable based on the figure to which this note 2 pertains, (i) number of shares shown as "acquired" reflects gross number of shares subject to warrant upon exercise; (ii) number of shares shown as "disposed of" equals the difference between the gross number of shares subject to the warrant and the net number issuable under the terms of the Warrant Agreement, as explained in note 4. For more information, see the Warrant Agreement filed as Exhibit 4.1 to the Issuer's current report on Form 8-K, filed with the SEC on 12/8/2020. |
| 2 | Common | Class A Common Stock | 2022-03-03 | M | A | 10,000 | $11.50 | 10,000 | I Individual retirement account | — | — | (F2) Since shares were acquired on a net basis, this entry is provided only to satisfy the requirements of Form 4 (except, if note 7 also applies, to the extent figure reflects previously reported shares described in note 7). As applicable based on the figure to which this note 2 pertains, (i) number of shares shown as "acquired" reflects gross number of shares subject to warrant upon exercise; (ii) number of shares shown as "disposed of" equals the difference between the gross number of shares subject to the warrant and the net number issuable under the terms of the Warrant Agreement, as explained in note 4. For more information, see the Warrant Agreement filed as Exhibit 4.1 to the Issuer's current report on Form 8-K, filed with the SEC on 12/8/2020. |
| 3 | Common | Class A Common Stock | 2022-03-03 | M | A | 124,405 | $11.50 | 147,618 | D | — | — | (F2) Since shares were acquired on a net basis, this entry is provided only to satisfy the requirements of Form 4 (except, if note 7 also applies, to the extent figure reflects previously reported shares described in note 7). As applicable based on the figure to which this note 2 pertains, (i) number of shares shown as "acquired" reflects gross number of shares subject to warrant upon exercise; (ii) number of shares shown as "disposed of" equals the difference between the gross number of shares subject to the warrant and the net number issuable under the terms of the Warrant Agreement, as explained in note 4. For more information, see the Warrant Agreement filed as Exhibit 4.1 to the Issuer's current report on Form 8-K, filed with the SEC on 12/8/2020. (F7) In addition to shares acquired or deemed acquired upon the cashless exercise of private placement warrants reported on this form, the reported number of shares includes (i) 12,750 shares previously reported as held directly by Live Oak GaN Partners LLC (of which the reporting person is a managing member) and beneficially owned indirectly by the reporting person by virtue of his pecuniary interest therein; and (ii) 10,463 previously reported shares underlying restricted stock units that vest in full on 10/19/2022. |
| 4 | Common | Class A Common Stock | 2022-03-03 | F | D | 91,936 | — | 55,682 | D | — | — | (F2) Since shares were acquired on a net basis, this entry is provided only to satisfy the requirements of Form 4 (except, if note 7 also applies, to the extent figure reflects previously reported shares described in note 7). As applicable based on the figure to which this note 2 pertains, (i) number of shares shown as "acquired" reflects gross number of shares subject to warrant upon exercise; (ii) number of shares shown as "disposed of" equals the difference between the gross number of shares subject to the warrant and the net number issuable under the terms of the Warrant Agreement, as explained in note 4. For more information, see the Warrant Agreement filed as Exhibit 4.1 to the Issuer's current report on Form 8-K, filed with the SEC on 12/8/2020. (F7) In addition to shares acquired or deemed acquired upon the cashless exercise of private placement warrants reported on this form, the reported number of shares includes (i) 12,750 shares previously reported as held directly by Live Oak GaN Partners LLC (of which the reporting person is a managing member) and beneficially owned indirectly by the reporting person by virtue of his pecuniary interest therein; and (ii) 10,463 previously reported shares underlying restricted stock units that vest in full on 10/19/2022. |
| 5 | Common | Class A Common Stock | 2022-03-04 | M | A | 90,476 | $11.50 | 146,158 | D | — | — | (F2) Since shares were acquired on a net basis, this entry is provided only to satisfy the requirements of Form 4 (except, if note 7 also applies, to the extent figure reflects previously reported shares described in note 7). As applicable based on the figure to which this note 2 pertains, (i) number of shares shown as "acquired" reflects gross number of shares subject to warrant upon exercise; (ii) number of shares shown as "disposed of" equals the difference between the gross number of shares subject to the warrant and the net number issuable under the terms of the Warrant Agreement, as explained in note 4. For more information, see the Warrant Agreement filed as Exhibit 4.1 to the Issuer's current report on Form 8-K, filed with the SEC on 12/8/2020. (F7) In addition to shares acquired or deemed acquired upon the cashless exercise of private placement warrants reported on this form, the reported number of shares includes (i) 12,750 shares previously reported as held directly by Live Oak GaN Partners LLC (of which the reporting person is a managing member) and beneficially owned indirectly by the reporting person by virtue of his pecuniary interest therein; and (ii) 10,463 previously reported shares underlying restricted stock units that vest in full on 10/19/2022. |
| 6 | Common | Class A Common Stock | 2022-03-04 | F | D | 66,862 | — | 79,296 | D | — | — | (F2) Since shares were acquired on a net basis, this entry is provided only to satisfy the requirements of Form 4 (except, if note 7 also applies, to the extent figure reflects previously reported shares described in note 7). As applicable based on the figure to which this note 2 pertains, (i) number of shares shown as "acquired" reflects gross number of shares subject to warrant upon exercise; (ii) number of shares shown as "disposed of" equals the difference between the gross number of shares subject to the warrant and the net number issuable under the terms of the Warrant Agreement, as explained in note 4. For more information, see the Warrant Agreement filed as Exhibit 4.1 to the Issuer's current report on Form 8-K, filed with the SEC on 12/8/2020. (F7) In addition to shares acquired or deemed acquired upon the cashless exercise of private placement warrants reported on this form, the reported number of shares includes (i) 12,750 shares previously reported as held directly by Live Oak GaN Partners LLC (of which the reporting person is a managing member) and beneficially owned indirectly by the reporting person by virtue of his pecuniary interest therein; and (ii) 10,463 previously reported shares underlying restricted stock units that vest in full on 10/19/2022. |
| 7 | Common | Class A Common Stock | 2022-03-03 | M | A | 10,000 | $11.50 | 10,000 | I Trust A | — | — | (F2) Since shares were acquired on a net basis, this entry is provided only to satisfy the requirements of Form 4 (except, if note 7 also applies, to the extent figure reflects previously reported shares described in note 7). As applicable based on the figure to which this note 2 pertains, (i) number of shares shown as "acquired" reflects gross number of shares subject to warrant upon exercise; (ii) number of shares shown as "disposed of" equals the difference between the gross number of shares subject to the warrant and the net number issuable under the terms of the Warrant Agreement, as explained in note 4. For more information, see the Warrant Agreement filed as Exhibit 4.1 to the Issuer's current report on Form 8-K, filed with the SEC on 12/8/2020. (F3) In separate trusts for the benefit of the reporting person's immediate family members. |
| 8 | Common | Class A Common Stock | 2022-03-03 | F | D | 7,390 | — | 2,610 | I Trust A | — | — | (F2) Since shares were acquired on a net basis, this entry is provided only to satisfy the requirements of Form 4 (except, if note 7 also applies, to the extent figure reflects previously reported shares described in note 7). As applicable based on the figure to which this note 2 pertains, (i) number of shares shown as "acquired" reflects gross number of shares subject to warrant upon exercise; (ii) number of shares shown as "disposed of" equals the difference between the gross number of shares subject to the warrant and the net number issuable under the terms of the Warrant Agreement, as explained in note 4. For more information, see the Warrant Agreement filed as Exhibit 4.1 to the Issuer's current report on Form 8-K, filed with the SEC on 12/8/2020. (F3) In separate trusts for the benefit of the reporting person's immediate family members. |
| 9 | Common | Class A Common Stock | 2022-03-03 | M | A | 10,000 | $11.50 | 10,000 | I Trust B | — | — | (F2) Since shares were acquired on a net basis, this entry is provided only to satisfy the requirements of Form 4 (except, if note 7 also applies, to the extent figure reflects previously reported shares described in note 7). As applicable based on the figure to which this note 2 pertains, (i) number of shares shown as "acquired" reflects gross number of shares subject to warrant upon exercise; (ii) number of shares shown as "disposed of" equals the difference between the gross number of shares subject to the warrant and the net number issuable under the terms of the Warrant Agreement, as explained in note 4. For more information, see the Warrant Agreement filed as Exhibit 4.1 to the Issuer's current report on Form 8-K, filed with the SEC on 12/8/2020. (F3) In separate trusts for the benefit of the reporting person's immediate family members. |
| 10 | Common | Class A Common Stock | 2022-03-03 | F | D | 7,390 | — | 2,610 | I Trust B | — | — | (F2) Since shares were acquired on a net basis, this entry is provided only to satisfy the requirements of Form 4 (except, if note 7 also applies, to the extent figure reflects previously reported shares described in note 7). As applicable based on the figure to which this note 2 pertains, (i) number of shares shown as "acquired" reflects gross number of shares subject to warrant upon exercise; (ii) number of shares shown as "disposed of" equals the difference between the gross number of shares subject to the warrant and the net number issuable under the terms of the Warrant Agreement, as explained in note 4. For more information, see the Warrant Agreement filed as Exhibit 4.1 to the Issuer's current report on Form 8-K, filed with the SEC on 12/8/2020. (F3) In separate trusts for the benefit of the reporting person's immediate family members. |
| 11 | Common | Class A Common Stock | 2022-03-03 | M | A | 10,000 | $11.50 | 10,000 | I Trust C | — | — | (F2) Since shares were acquired on a net basis, this entry is provided only to satisfy the requirements of Form 4 (except, if note 7 also applies, to the extent figure reflects previously reported shares described in note 7). As applicable based on the figure to which this note 2 pertains, (i) number of shares shown as "acquired" reflects gross number of shares subject to warrant upon exercise; (ii) number of shares shown as "disposed of" equals the difference between the gross number of shares subject to the warrant and the net number issuable under the terms of the Warrant Agreement, as explained in note 4. For more information, see the Warrant Agreement filed as Exhibit 4.1 to the Issuer's current report on Form 8-K, filed with the SEC on 12/8/2020. (F3) In separate trusts for the benefit of the reporting person's immediate family members. |
| 12 | Common | Class A Common Stock | 2022-03-03 | F | D | 7,390 | — | 2,610 | I Trust C | — | — | (F2) Since shares were acquired on a net basis, this entry is provided only to satisfy the requirements of Form 4 (except, if note 7 also applies, to the extent figure reflects previously reported shares described in note 7). As applicable based on the figure to which this note 2 pertains, (i) number of shares shown as "acquired" reflects gross number of shares subject to warrant upon exercise; (ii) number of shares shown as "disposed of" equals the difference between the gross number of shares subject to the warrant and the net number issuable under the terms of the Warrant Agreement, as explained in note 4. For more information, see the Warrant Agreement filed as Exhibit 4.1 to the Issuer's current report on Form 8-K, filed with the SEC on 12/8/2020. (F3) In separate trusts for the benefit of the reporting person's immediate family members. |
| 13 | Common | Class A Common Stock | 2022-03-03 | M | A | 10,000 | $11.50 | 10,000 | I Trust D | — | — | (F2) Since shares were acquired on a net basis, this entry is provided only to satisfy the requirements of Form 4 (except, if note 7 also applies, to the extent figure reflects previously reported shares described in note 7). As applicable based on the figure to which this note 2 pertains, (i) number of shares shown as "acquired" reflects gross number of shares subject to warrant upon exercise; (ii) number of shares shown as "disposed of" equals the difference between the gross number of shares subject to the warrant and the net number issuable under the terms of the Warrant Agreement, as explained in note 4. For more information, see the Warrant Agreement filed as Exhibit 4.1 to the Issuer's current report on Form 8-K, filed with the SEC on 12/8/2020. (F5) In trust for the benefit of the reporting person. |
| 14 | Common | Class A Common Stock | 2022-03-03 | F | D | 7,390 | — | 2,610 | I Trust D | — | — | (F2) Since shares were acquired on a net basis, this entry is provided only to satisfy the requirements of Form 4 (except, if note 7 also applies, to the extent figure reflects previously reported shares described in note 7). As applicable based on the figure to which this note 2 pertains, (i) number of shares shown as "acquired" reflects gross number of shares subject to warrant upon exercise; (ii) number of shares shown as "disposed of" equals the difference between the gross number of shares subject to the warrant and the net number issuable under the terms of the Warrant Agreement, as explained in note 4. For more information, see the Warrant Agreement filed as Exhibit 4.1 to the Issuer's current report on Form 8-K, filed with the SEC on 12/8/2020. (F5) In trust for the benefit of the reporting person. |
| 15 | Derivative | Public Warrants (right to buy) | 2022-03-03 | M | D | 10,000 | $0.00 | 0 | I Trust A | $11.50 · 2021-12-07 to 2022-03-07 | 10,000 Class A Common Stock | (F3) In separate trusts for the benefit of the reporting person's immediate family members. |
| 16 | Derivative | Public Warrants (right to buy) | 2022-03-03 | M | D | 10,000 | $0.00 | 0 | I Trust B | $11.50 · 2021-12-07 to 2022-03-07 | 10,000 Class A Common Stock | (F3) In separate trusts for the benefit of the reporting person's immediate family members. |
| 17 | Derivative | Public Warrants (right to buy) | 2022-03-03 | M | D | 10,000 | $0.00 | 0 | I Trust C | $11.50 · 2021-12-07 to 2022-03-07 | 10,000 Class A Common Stock | (F3) In separate trusts for the benefit of the reporting person's immediate family members. |
| 18 | Derivative | Private Placement Warrants (right to buy) | 2022-03-04 | M | D | 90,476 | $0.00 | 0 | D | $11.50 · 2021-12-07 to 2022-03-07 | 90,476 Class A Common Stock | |
| 19 | Derivative | Public Warrants (right to buy) | 2022-03-03 | M | D | 10,000 | $0.00 | 0 | I Individual retirement account | $11.50 · 2021-12-07 to 2022-03-07 | 10,000 Class A Common Stock | |
| 20 | Derivative | Private Placement Warrants (right to buy) | 2022-03-03 | M | D | 124,405 | $0.00 | 90,476 | D | $11.50 · 2021-12-07 to 2022-03-07 | 124,405 Class A Common Stock | |
| 21 | Derivative | Public Warrants (right to buy) | 2022-03-03 | M | D | 10,000 | $0.00 | 0 | I Trust D | $11.50 · 2021-12-07 to 2022-03-07 | 10,000 Class A Common Stock | (F5) In trust for the benefit of the reporting person. |