Form 4 for NVTS Navitas Semiconductor Corp
Accepted 2023-06-16 00:00:00 ET · period of report 2023-06-14 · accession 0001821769-23-000116 · 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 | 2023-06-16 | 2023-06-15 | NVTS | Sheridan Eugene | Pres, CEO, Dir | G - Gift | $0.00 | 0 | 2.21M | New | $0 |
| MI | 2023-06-16 | 2023-06-15 | NVTS | Sheridan Eugene | Pres, CEO, Dir | G - Gift | $0.00 | 0 | 1.07M | New | $0 |
| MI | 2023-06-16 | 2023-06-14+ | NVTS | Sheridan Eugene | Pres, CEO, Dir | S - Sale | $9.90 | -41.0K | 959.0K | -4% | -$406.5K |
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 | 2023-06-15 | G | A | 200,000 | $0.00 | 2,414,083 | D Lolas Trust | — | — | (F6) The reporting person disclaims beneficial ownership of the reported securities, and this report shall not be deemed an admission that the reporting person beneficially owns the reported securities for purposes of Section 16 or any other purpose. |
| 2 | Common | Class A Common Stock | 2023-06-15 | G | D | 200,000 | $0.00 | 2,214,083 | D | — | — | (F5) Consists of (i) 390,083 shares of common stock and (ii) 1,824,000 shares of common stock underlying unvested restricted stock units, which will vest in one-half increments on each of August 25, 2023 and August 25, 2024, subject to the reporting person's continued employment, or earlier upon certain events. Vesting results in the delivery of one share of common stock per vested unit following the vesting date. |
| 3 | Common | Class A Common Stock | 2023-06-15 | G | A | 200,000 | $0.00 | 800,000 | I | — | — | |
| 4 | Common | Class A Common Stock | 2023-06-14 | S | D | 24,374 | $9.99 | 975,626 | I GaNFast Trust | — | — | (F2) The reported securities were sold in multiple trades at prices ranging from $9.75 to $10.11, 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. |
| 5 | Common | Class A Common Stock | 2023-06-15 | S | D | 16,666 | $9.78 | 958,960 | I GaNFast Trust | — | — | (F3) The reported securities were sold in multiple trades at prices ranging from $9.58 to $9.99, 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. |
| 6 | Common | Class A Common Stock | 2023-06-15 | G | D | 200,000 | $0.00 | 1,066,044 | I Eugene and Melissa Sheridan Trust | — | — |