Form 4 for NVTS Navitas Semiconductor Corp
Accepted 2023-03-16 00:00:00 ET · period of report 2023-03-14 · accession 0001821769-23-000032 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023-03-16 | 2023-03-14 | NVTS | SHELTON RON | SVP, CFO, Treas | A - Grant | $0.00 | +7,865 | 382.9K | +2% | $0 | |
| 2023-03-16 | 2023-03-15 | NVTS | SHELTON RON | SVP, CFO, Treas | S - Sale | $6.30 | -3,313 | 379.6K | -0.9% | -$20.9K |
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 | 2023-03-14 | A | A | 7,865 | $0.00 | 382,865 | D | — | — | |
| 2 | Common | Class A Common Stock | 2023-03-15 | S | D | 3,313 | $6.30 | 379,552 | D | — | — | (F3) The reported securities were sold in multiple trades at prices ranging from $6.20 to $6.31, 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) 4,552 shares of common stock and (ii) 375,000 shares underlying restricted stock units which will vest in 25% increments on each of the first four anniversaries of April 20, 2022, subject to the reporting person's continued employment by the issuer on the applicable vesting date, or earlier upon certain events. Upon vesting, RSUs convert into common stock on a one-for-one basis. |