4//SEC Filing
SHELTON RON 4
Accession 0001821769-23-000136
CIK 0001821769other
Filed
Aug 17, 8:00 PM ET
Accepted
Aug 18, 9:17 PM ET
Size
7.6 KB
Accession
0001821769-23-000136
Insider Transaction Report
Form 4
SHELTON RON
Sr VP, CFO and Treasurer
Transactions
- Award
Class A Common Stock
2023-08-16+75,000→ 454,552 total - Sale
Class A Common Stock
2023-08-17$7.81/sh−34,245$267,453→ 420,307 total
Footnotes (4)
- [F1]Reflects settlement following partial vesting of 225,000 performance-based restricted stock units ("RSUs") granted to the reporting person on 7/13/2022. Vesting results in the delivery of one share of common stock per vested RSU following the vesting date, before taxes and subject to applicable issuer policies.
- [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 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 $7.81 to $7.82, 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) 139,057 shares held directly and (ii) 281,250 shares underlying unvested time-based RSUs, which will vest in one-third increments on each of April 20, 2024, April 20, 2025 and April 20, 2026, subject to the reporting person's continued employment on the respective vesting dates. Vesting results in the delivery of one share of common stock per vested RSU following the vesting date, before taxes and subject to applicable issuer policies.
Documents
Issuer
Navitas Semiconductor Corp
CIK 0001821769
Entity typeother
Related Parties
1- filerCIK 0001229575
Filing Metadata
- Form type
- 4
- Filed
- Aug 17, 8:00 PM ET
- Accepted
- Aug 18, 9:17 PM ET
- Size
- 7.6 KB