Form 4 for NVTS Navitas Semiconductor Corp
Accepted 2023-08-18 00:00:00 ET · period of report 2023-08-16 · accession 0001821769-23-000136 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023-08-18 | 2023-08-17 | NVTS | SHELTON RON | SVP, CFO, Treas | S - Sale | $7.81 | -34.2K | 420.3K | -8% | -$267.5K | |
| 2023-08-18 | 2023-08-16 | NVTS | SHELTON RON | SVP, CFO, Treas | A - Grant | $0.00 | +75.0K | 454.6K | +20% | $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 | 2023-08-17 | S | D | 34,245 | $7.81 | 420,307 | D | — | — | (F3) The reported securities were sold in multiple trades at prices ranging from $7.81 to $7.82, 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) 139,057 shares held directly and (ii) 281,250 shares underlying unvested time-based RSUs, which will vest in one-third increments on each of April 20, 2024, April 20, 2025 and April 20, 2026, subject to the reporting person's continued employment on the respective vesting dates. Vesting results in the delivery of one share of common stock per vested RSU following the vesting date, before taxes and subject to applicable issuer policies. |
| 2 | Common | Class A Common Stock | 2023-08-16 | A | A | 75,000 | $0.00 | 454,552 | D | — | — |