Kinzer Daniel M. 4
4 · Navitas Semiconductor Corp · Filed Oct 21, 2021
Insider Transaction Report
Form 4
Kinzer Daniel M.
DirectorChief Oprtng and Tech Officer
Transactions
- Award
Common Stock
2021-10-19+3,320,035→ 3,320,035 total - Award
Common Stock
2021-10-19+1,094,400→ 4,414,435 total - Award
Stock Option (Right to Buy)
2021-10-19+450,072→ 450,072 totalExercise: $0.19From: 2021-10-19Exp: 2028-03-27→ Common Stock (450,072 underlying)
Footnotes (3)
- [F1]Received in exchange for 3,033,658 shares of Navitas Semiconductor Limited, Inc. ("Navitas Semiconductor") in connection with the merger of Navitas Semiconductor into Navitas Semiconductor Corporation (the "Company") pursuant to the exchange ratio set forth in the Business Combination Agreement and Plan of Reorganization between Navitas Semiconductor and the Company. The closing price of the Company's Common Stock on the effective date of the merger was $13.38
- [F2]Received in exchange for 1,000,000 Restricted Stock Units of Navitas Semiconductor in connection with the merger of Navitas Semiconductor into the Company pursuant to the exchange ratio set forth in the Business Combination Agreement and Plan of Reorganization between Navitas Semiconductor and the Company. The closing price of the Company's Common Stock on the effective date of the merger was $13.38. These RSUs are unvested and will fully vest on August 25, 2024.
- [F3]Received in exchange for stock options to acquire 411,250 shares of Navitas Semiconductor in connection with the merger of Navitas Semiconductor into Company pursuant to the exchange ratio set forth in the Business Combination Agreement and Plan of Reorganization between Navitas Semiconductor and the Company. The closing price of the Company's Common Stock on the effective date of the merger was $13.38. These stock options are partially vested and will fully vest on November 16, 2021.