Form 4 for NVTS Navitas Semiconductor Corp
Accepted 2023-08-30 00:00:00 ET · period of report 2023-08-28 · accession 0001821769-23-000148 · 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 | 2023-08-30 | 2023-08-28+ | NVTS | Kinzer Daniel M. | COO, CTO, Dir | S - Sale | $8.27 | -174.5K | 4.56M | -4% | -$1.44M |
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 | 2023-08-28 | S | D | 58,605 | $8.32 | 4,614,242 | D | — | — | (F2) The reported securities were sold in multiple trades at prices ranging from $8.065 to $8.5700, 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 | 2023-08-30 | S | D | 57,826 | $8.30 | 4,498,315 | D | — | — | (F4) The reported securities were sold in multiple trades at prices ranging from $8.0150 to $8.4650, 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. (F5) Consists of (i) 4,130,515 shares of common stock held directly and (ii) 364,800 shares of common stock underlying unvested restricted stock units, which will vest in full on 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, before taxes. Shares held directly include 3,000 shares acquired on 8/15/2023 under the issuer's Employee Stock Purchase Plan in a transaction exempt from Section 16 under Rules 16a-3(f)(1)(i)(B) and 16b-3(c) thereunder. |
| 3 | Common | Class A Common Stock | 2023-08-29 | S | D | 58,101 | $8.20 | 4,556,141 | D | — | — | (F3) The reported securities were sold in multiple trades at prices ranging from $8.0150 to $8.3900, 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. |