Navitas (NVTS) Director Dipender Saluja Receives Stock Awards

What Happened Dipender Saluja, a director of Navitas Semiconductor (NVTS), received two grants of Class A common stock as compensation in lieu of cash board fees. On 2026-05-09 he was awarded 864 shares at $14.47 each (value $12,502). On 2026-07-31 he was awarded 951 shares at $13.15 each (value $12,506). Total = 1,815 shares worth approximately $25,008. These transactions are reported as awards/grants (transaction code A), not open-market purchases or sales.

Key Details

• Dates & prices: 2026-05-09 — 864 shares @ $14.47 ($12,502); 2026-07-31 — 951 shares @ $13.15 ($12,506).
• Reason: Grants elected in lieu of cash board fees for Q1 and Q2 2026 (footnotes F1, F2). Price per share based on 20-day average closing price (as of May 7, 2026 and July 29, 2026, respectively).
• Shares owned after transaction: Not disclosed in this Form 4.
• Other footnotes: F3 and F4 note certain shares are held by Technology Impact Fund, L.P. and Capricorn‑Libra Investment Group, LP, of which the reporting person is managing director; he disclaims beneficial ownership except to the extent of any pecuniary interest.
• Timeliness: Form 4 was filed 2026-08-03 reporting transactions from 2026-05-09 and 2026-07-31 — outside the usual 2-business-day reporting window (late filing).

Context These entries are equity compensation (awards) granted instead of cash fees and are typically routine director compensation, not open-market purchases that might signal personal bullish conviction. No sales, option exercises, or 10b5-1 plans are reported in these transactions. The late filing is a procedural reporting issue; it does not change the nature of the grants but can be of interest to regulators and investors tracking insider reporting timeliness.