Navitas (NVTS) Director Gary Wunderlich Jr. Receives RSU Award

What Happened

Gary Kent Wunderlich Jr., a director of Navitas Semiconductor Corp (NVTS), received a grant of 9,990 restricted stock units (RSUs) on July 22, 2026. The RSUs were granted at a $0.00 acquisition price (i.e., they are an award of compensation, not a purchase) and represent the right to receive one share of Class A common stock per RSU upon vesting. The RSUs will vest in full on June 25, 2027.

Key Details

• Transaction date: 2026-07-22; Filing date: 2026-08-26 (filed ~35 days after the transaction).
• Instrument & amount: 9,990 RSUs granted; acquisition price reported as $0.00.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes:
  • F1: RSUs are the annual board-term award under the company’s non-employee director compensation program and the 2021 Equity Incentive Plan; each RSU converts to one share upon vesting.
  • F2: The reporting person 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.
• Timeliness: The Form 4 was filed more than a month after the transaction date, which is later than the standard prompt reporting window.

Context

RSU awards to directors are a common form of compensation and do not reflect an immediate cash purchase or sale. These RSUs will become shares only if and when they vest (June 25, 2027); their eventual value will depend on Navitas’s share price at that time. The late filing affects timeliness of public disclosure but does not by itself indicate any change in the economic nature of the award.