4//SEC Filing
SHELTON RON 4
Accession 0001821769-23-000032
CIK 0001821769other
Filed
Mar 15, 8:00 PM ET
Accepted
Mar 16, 8:12 PM ET
Size
7.3 KB
Accession
0001821769-23-000032
Insider Transaction Report
Form 4
SHELTON RON
Sr VP, CFO and Treasurer
Transactions
- Award
Class A Common Stock
2023-03-14+7,865→ 382,865 total - Sale
Class A Common Stock
2023-03-15$6.30/sh−3,313$20,872→ 379,552 total
Footnotes (4)
- [F1]Reflects grant of fully vested restricted stock units (RSUs).
- [F2]In accordance with issuer policy the reported securities were sold automatically solely to cover applicable withholding taxes, incurred by the reporting person as a result of the settlement of vested restricted stock units (RSUs), in transactions intended to comply with a trading plan under Rule 10b5-1(c) of the Exchange Act.
- [F3]The reported securities were sold in multiple trades at prices ranging from $6.20 to $6.31, inclusive. The price reported above reflects the weighted average sale price. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected.
- [F4]Consists of (i) 4,552 shares of common stock and (ii) 375,000 shares underlying restricted stock units which will vest in 25% increments on each of the first four anniversaries of April 20, 2022, subject to the reporting person's continued employment by the issuer on the applicable vesting date, or earlier upon certain events. Upon vesting, RSUs convert into common stock on a one-for-one basis.
Documents
Issuer
Navitas Semiconductor Corp
CIK 0001821769
Entity typeother
Related Parties
1- filerCIK 0001229575
Filing Metadata
- Form type
- 4
- Filed
- Mar 15, 8:00 PM ET
- Accepted
- Mar 16, 8:12 PM ET
- Size
- 7.3 KB