Navitas (NVTS) Director Dipender Saluja Receives RSU Awards

What Happened

• Dipender Saluja, a director of Navitas Semiconductor (NVTS), received equity awards (transaction code A) totaling 11,805 shares: 864 shares on 2026-05-09 at $14.47 ($12,502), 9,990 RSUs on 2026-07-22 (reported with $0.00 per-table price but described as RSUs elected in lieu of cash fees), and 951 shares on 2026-07-31 at $13.15 ($12,506). The 9,990-item is an RSU award for the 2026–2027 board term; the other two grants reflect shares issued in lieu of cash board fees (priced using the 20-day average closing price on designated dates).

Key Details

• Transaction dates and reported prices:
  • 2026-05-09: 864 shares @ $14.47 — $12,502 (stock elected in lieu of cash)
  • 2026-07-22: 9,990 RSUs @ $0.00 (table shows $0.00; filing notes this is an RSU award valued using the 20-day avg as of May 7, 2026)
  • 2026-07-31: 951 shares @ $13.15 — $12,506 (stock elected in lieu of cash; price based on 20-day avg as of July 29, 2026)
• Vesting: The 9,990 RSUs will vest in full on June 25, 2027 (per filing).
• Ownership after transaction: Not specified in the provided filing extract.
• Filing status: This is an amended Form 4 — the July 22, 2026 RSU award was inadvertently omitted from the original filing and added here.
• Other notes: Some shares reported in the filing are held by funds (Technology Impact Fund, L.P. and Capricorn-Libra Investment Group, LP) for which Saluja is managing director; he disclaims beneficial ownership except to the extent of his pecuniary interest.

Context

• These transactions are awards/grants (not open-market purchases or sales). RSUs are a promise to deliver shares on the vesting date and do not equal immediately tradable shares until vested/delivered. Stock issued in lieu of cash fees is a routine form of non-employee director compensation; the filing simply documents that compensation in equity form. The amended filing corrects a prior omission — investors tracking insider timing should note the delayed disclosure.