Form 4 for NVTS Navitas Semiconductor Corp
Accepted 2023-09-13 00:00:00 ET · period of report 2023-09-11 · accession 0001821769-23-000157 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-09-13 | 2023-09-11 | NVTS | Sheridan Eugene | Pres, CEO, Dir | M - OptEx | $0.19 | +1.99M | 3.00M | +199% | +$379.0K |
| D | 2023-09-13 | 2023-09-11 | NVTS | Sheridan Eugene | Pres, CEO, Dir | M - OptEx | $0.00 | -1.99M | 0 | -100% | $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 | 2023-09-11 | M | A | 1,994,544 | $0.19 | 2,996,627 | D | — | — | (F1) Consists of (i) 2,084,627 shares of common stock and (ii) 912,000 shares of common stock underlying unvested restricted stock units ("RSUs") , which will vest in full on August 25, 2024, subject to the reporting person's continued employment, or earlier upon certain events. RSU vesting results in the delivery of one share of common stock per vested RSU following the vesting date, before taxes (including sales of settled shares to cover taxes if applicable) and subject to the issuer's equity incentive plan and applicable policies. |
| 2 | Derivative | Option to purchase (right to buy) | 2023-09-11 | M | D | 1,994,544 | $0.00 | 0 | D | $0.19 · 2021-10-19 to 2028-03-27 | 1,994,544 Class A Common Stock |