Allexandre Chris 4

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.