4//SEC Filing
Sheridan Eugene 4
Accession 0001821769-23-000150
CIK 0001821769other
Filed
Aug 29, 8:00 PM ET
Accepted
Aug 30, 9:50 PM ET
Size
14.0 KB
Accession
0001821769-23-000150
Insider Transaction Report
Form 4
Sheridan Eugene
DirectorPRESIDENT & CEO
Transactions
- Sale
Class A Common Stock
2023-08-30$8.30/sh−302,159$2,509,007→ 1,002,083 total - Sale
Class A Common Stock
2023-08-28$8.32/sh−306,241$2,549,395→ 1,607,842 total - Sale
Class A Common Stock
2023-08-29$8.20/sh−303,600$2,490,734→ 1,304,242 total - Gift
Class A Common Stock
2023-08-29−140,000→ 0 total(indirect: By Spouse)
Holdings
- 861,528(indirect: By Trust)
Class A Common Stock
- 800,000(indirect: By Trust)
Class A Common Stock
- 1,226,044(indirect: By Trust)
Class A Common Stock
Footnotes (6)
- [F1]Includes but is not limited to sales executed automatically, pursuant to issuer policy, 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. Of the total number of reported securities sold on 8/28/2023, 8/29/2023 and 8/30/2023, a total of 450,181 shares were sold to cover such withholding taxes.
- [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) 90,083 shares of common stock held directly and (ii) 912,000 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.
- [F6]The reporting person disclaims beneficial ownership of the reported securities, and this report shall not be deemed an admission that the reporting person beneficially owns the reported securities for purposes of Section 16 or any other purpose.
Documents
Issuer
Navitas Semiconductor Corp
CIK 0001821769
Entity typeother
Related Parties
1- filerCIK 0001888341
Filing Metadata
- Form type
- 4
- Filed
- Aug 29, 8:00 PM ET
- Accepted
- Aug 30, 9:50 PM ET
- Size
- 14.0 KB