Sheridan Eugene 4
4 · Navitas Semiconductor Corp · Filed Sep 13, 2023
Insider Transaction Report
Form 4
Sheridan Eugene
DirectorPRESIDENT & CEO
Transactions
- Exercise/Conversion
Class A Common Stock
2023-09-11$0.19/sh+1,994,544$378,963→ 2,996,627 total - Exercise/Conversion
Option to purchase (right to buy)
2023-09-11−1,994,544→ 0 totalExercise: $0.19From: 2021-10-19Exp: 2028-03-27→ Class A Common Stock (1,994,544 underlying)
Holdings
- 800,000(indirect: By Trust)
Class A Common Stock
- 1,226,044(indirect: By Trust)
Class A Common Stock
- 827,996(indirect: By Trust)
Class A Common Stock
Footnotes (2)
- [F1]Consists of (i) 2,084,627 shares of common stock and (ii) 912,000 shares of common stock underlying unvested restricted stock units ("RSUs") , which will vest in full on August 25, 2024, subject to the reporting person's continued employment, or earlier upon certain events. RSU vesting results in the delivery of one share of common stock per vested RSU following the vesting date, before taxes (including sales of settled shares to cover taxes if applicable) and subject to the issuer's equity incentive plan and applicable policies.
- [F2]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.