4//SEC Filing
Kinzer Daniel M. 4
Accession 0001821769-23-000148
CIK 0001821769other
Filed
Aug 29, 8:00 PM ET
Accepted
Aug 30, 9:46 PM ET
Size
10.0 KB
Accession
0001821769-23-000148
Insider Transaction Report
Form 4
Kinzer Daniel M.
DirectorChief Oprtng and Tech Officer
Transactions
- Sale
Class A Common Stock
2023-08-30$8.30/sh−57,826$480,164→ 4,498,315 total - Sale
Class A Common Stock
2023-08-28$8.32/sh−58,605$487,875→ 4,614,242 total - Sale
Class A Common Stock
2023-08-29$8.20/sh−58,101$476,661→ 4,556,141 total
Footnotes (5)
- [F1]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.
- [F2]The reported securities were sold in multiple trades at prices ranging from $8.065 to $8.5700, 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.
- [F3]The reported securities were sold in multiple trades at prices ranging from $8.0150 to $8.3900, 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]The reported securities were sold in multiple trades at prices ranging from $8.0150 to $8.4650, 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.
- [F5]Consists of (i) 4,130,515 shares of common stock held directly and (ii) 364,800 shares of common stock underlying unvested restricted stock units, which will vest in full on August 25, 2024, subject to the reporting person's continued employment, or earlier upon certain events. Vesting results in the delivery of one share of common stock per vested unit following the vesting date, before taxes. Shares held directly include 3,000 shares acquired on 8/15/2023 under the issuer's Employee Stock Purchase Plan in a transaction exempt from Section 16 under Rules 16a-3(f)(1)(i)(B) and 16b-3(c) thereunder.
Documents
Issuer
Navitas Semiconductor Corp
CIK 0001821769
Entity typeother
Related Parties
1- filerCIK 0001520256
Filing Metadata
- Form type
- 4
- Filed
- Aug 29, 8:00 PM ET
- Accepted
- Aug 30, 9:46 PM ET
- Size
- 10.0 KB