Navitas (NVTS) Director Brian Long Receives RSU Award

What Happened
Brian Long, a director of Navitas Semiconductor Corp (NVTS), received a grant of 9,990 restricted stock units (RSUs) on July 22, 2026. The Form 4 reports the award at $0.00 per share (award/grant code A); each RSU represents the right to one share of Class A common stock upon vesting. The RSUs are scheduled to vest in full on June 25, 2027 under the company’s non-employee director compensation program and the 2021 Equity Incentive Plan. This is an award (compensation), not a purchase or sale.

Key Details

• Transaction date: 2026-07-22; Form 4 filed: 2026-08-26 (filed ~35 days after the transaction; Form 4s are generally required within 2 business days).
• Shares awarded: 9,990 RSUs; reported transaction price: $0.00; total reported value: $0.
• Vesting: RSUs vest in full on June 25, 2027.
• Shares owned after transaction: not specified in the filing.
• Footnote F1: RSUs granted as annual board compensation; each RSU converts to one share at vesting per the Plan.
• Footnote F2: The reporting person is a managing director of Atlantic Bridge III LP and disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest.

Context
RSU grants to directors are routine compensation and do not reflect an open-market purchase or sale. They convert to shares only if/when they vest, so they are not an immediate bullish signal. The late filing may be a compliance oversight; it does not change the nature of the award but can be relevant to governance and reporting reviews.