Form 4 for NVTS Navitas Semiconductor Corp
Accepted 2024-03-15 00:00:00 ET · period of report 2024-03-13 · accession 0001821769-24-000045 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024-03-15 | 2024-03-14 | NVTS | Sheridan Eugene | Pres, CEO, Dir | S - Sale | $4.80 | -38.4K | 3.06M | -1% | -$184.5K | |
| 2024-03-15 | 2024-03-13 | NVTS | Sheridan Eugene | Pres, CEO, Dir | A - Grant | $0.00 | +98.4K | 3.10M | +3% | $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 | 2024-03-14 | S | D | 38,431 | $4.80 | 3,061,631 | D | — | — | (F3) The reported securities were sold in multiple trades at prices ranging from $4.6400 to $4.8100, 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) 2,149,631 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 sales of settled shares to cover withholding taxes incurred by the reporting person upon settlement, if applicable, and subject to the issuer's equity incentive plan and applicable policies. Reported shares include 5,000 shares purchased under the issuer's Employee Stock Purchase Plan, which purchase was exempt from Section 16 of the Exchange Act pursuant to Rule 16a-3(f)(1)(i)(B) and Rule 16b-3(c) thereunder. |
| 2 | Common | Class A Common Stock | 2024-03-13 | A | A | 98,435 | $0.00 | 3,100,062 | D | — | — |