Navitas (NVTS) Director Richard Hendrix Receives 9,990 RSU Award

What Happened Richard J. Hendrix, a director of Navitas Semiconductor Corp (NVTS), was granted 9,990 restricted stock units (RSUs) on July 22, 2026. The award was reported at an acquisition price of $0.00 (i.e., a grant/award, not a purchase). Each RSU represents the right to one share of Class A common stock and will vest in full on June 25, 2027 under the company’s non-employee director compensation program and the 2021 Equity Incentive Plan.

Key Details

• Transaction date: July 22, 2026; Grant/award code: A; Grant price reported: $0.00 for 9,990 RSUs.
• Vesting: RSUs vest in full on June 25, 2027 (per footnote).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — RSUs are annual director awards under the Plan and convert 1:1 to shares at vesting; F2 — Hendrix is a managing member of Live Oak Sponsor Partners II, LLC and disclaims beneficial ownership except to the extent of any pecuniary interest.
• Filing timeliness: The Form 4 was filed August 26, 2026 for a July 22, 2026 grant — outside the normal 2-business-day window, so it appears the filing was submitted late.

Context RSU grants to non-employee directors are standard compensation and carry no immediate cash cost to the director; they only convert into actual shares upon vesting. Such awards are routine and do not necessarily indicate a personal buy/sell decision. The filing’s F2 disclosure indicates the report involves an affiliation with an entity (Live Oak Sponsor Partners II, LLC) and a disclaimer of beneficial ownership except for any pecuniary interest.