Wunderlich Gary Kent JR 4

What Happened Gary Kent Wunderlich Jr., a director of Navitas Semiconductor Corp (NVTS), reported gifting 6,280 shares on June 2, 2026. The Form 4 lists the transaction as a gift (code G) with an acquisition/disposition price of $0.00 and total reported proceeds of $0. This was a disposition (not a sale or purchase) and gifts generally do not signal trading conviction about the company.

Key Details

• Transaction date and type: 2026-06-02 — Gift (transaction code G) of 6,280 shares.
• Price and proceeds reported: $0.00 per share; total proceeds reported as $0.
• Shares owned after transaction: Not specified in this filing.
• Footnote: F1 — Wunderlich is a managing member of Live Oak Sponsor Partners II, LLC and disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest.
• Remarks/Exhibits: Exhibit 24 — Power of Attorney included.
• Filing timeliness: Form filed on 2026-06-03 (next day); the filing appears timely.

Context Gifts are transfers for estate planning or personal reasons and do not necessarily reflect the insider’s view of the company’s prospects. The reported $0 reflects the form’s treatment of gifts, not the market value of the shares. The footnote indicates the reported interest may be held via a sponsor LLC and the reporting person disclaims beneficial ownership except for any pecuniary interest.