Allexandre Chris 4
4 · Navitas Semiconductor Corp · Filed Apr 10, 2026
Research Summary
AI-generated summary of this filing
Navitas (NVTS) CEO Chris Allexandre Receives Awards
What Happened
- Chris Allexandre, President & CEO (and director) of Navitas Semiconductor (NVTS), received equity awards on April 1, 2026: 272,633 restricted stock units (RSUs) recorded as acquired at $0, and a grant of 545,267 stock options with an exercise price of $9.00 (derivative value shown as $4,907,403).
- These are grants/awards (not open-market purchases or sales). The RSUs and options give future rights to shares subject to vesting and the company’s equity plan and policies.
Key Details
- Transaction date: 2026-04-01; Form 4 filed: 2026-04-10 (filed more than the typical 2-business-day window after the transaction).
- RSUs: 272,633 units, recorded as acquired at $0. Vesting schedule (Footnote F1): vest in four equal annual installments on March 20, 2027, 2028, 2029, and 2030; each vested RSU converts to one share (subject to tax withholding).
- Stock options: 545,267 options, exercise price $9.00, derivative amount $4,907,403 (Footnote F2). Vesting: 25% on the one‑year anniversary of the vesting commencement date, then in equal quarterly installments (1/16 each) thereafter until fully vested; options become exercisable upon vesting.
- Shares owned after the transaction: not specified in the provided filing excerpt.
- No sale or immediate cashless exercise reported — these are forward-looking awards that may convert to shares or be exercised in the future.
Context
- RSU grants and option awards are standard executive compensation; they do not require an immediate cash outlay by the insider and only convert to shares or exercisable rights after vesting.
- The option exercise price ($9) is what the CEO would pay per share upon exercising vested options; market value at exercise (and any sale) would determine economic gain.
Insider Transaction Report
Form 4
Allexandre Chris
DirectorPRESIDENT AND CEO
Transactions
- Award
Class A Common Stock
[F1]2026-04-01+272,633→ 1,085,956 total - Award
Option to purchase (right to buy)
[F2]2026-04-01$9.00/sh+545,267$4,907,403→ 545,267 totalExercise: $9.00From: 2030-04-01Exp: 2036-03-31→ Class A Common Stock (545,267 underlying)
Footnotes (2)
- [F1]Reflects grant of restricted stock units (RSUs) scheduled to vest in increments of one-fourth on each of March 20, 2027, 2028, 2029, and 2030. RSU vesting results in the delivery of one share of issuer common stock per vested RSU following the vesting date, before sales of settled shares (or, alternatively, the withholding of shares subject to settlement) in respect of withholding taxes incurred by the reporting person upon settlement, if applicable, and subject to the issuer's equity incentive plan and applicable policies.
- [F2]Reflects grant of stock options, one fourth of which vest on the one-year anniversary of the vesting commencement date, with the remaining options vesting in equal quarterly installments of one-sixteenth thereafter until fully vested. The options become exercisable upon vesting and entitle the reporting person to purchase one share of the issuer common stock per option at the exercise price set forth in this Form 4, subject to the terms of the issuer equity incentive plan and applicable policies.
Signature
/s/ Rachel Roepke, attorney-in-fact|2026-04-10