4//SEC Filing
Sheridan Eugene 4
Accession 0001821769-23-000159
CIK 0001821769other
Filed
Oct 5, 8:00 PM ET
Accepted
Oct 6, 8:17 PM ET
Size
10.6 KB
Accession
0001821769-23-000159
Insider Transaction Report
Form 4
Sheridan Eugene
DirectorPRESIDENT & CEO
Transactions
- Sale
Class A Common Stock
2023-10-06$6.34/sh−16,666$105,731→ 794,664 total(indirect: By Trust) - Sale
Class A Common Stock
2023-10-05$6.44/sh−16,666$107,386→ 811,330 total(indirect: By Trust)
Holdings
- 2,996,627
Class A Common Stock
- 1,226,044(indirect: By Trust)
Class A Common Stock
- 800,000(indirect: By Trust)
Class A Common Stock
Footnotes (5)
- [F1]The reported shares were sold pursuant to a contract, instruction or written plan intended to satisfy the conditions of Rule 10b5-1(c) under the Securities Exchange Act of 1934.
- [F2]The reported securities were sold in multiple trades at prices ranging from $6.2700 to $6.6900, 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 $6.1700 to $6.4550, 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) 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 sales of settled shares to cover withholding taxes incurred by the reporting person upon settlement, if applicable, and subject to the issuer's equity incentive plan and applicable policies.
- [F5]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
- Oct 5, 8:00 PM ET
- Accepted
- Oct 6, 8:17 PM ET
- Size
- 10.6 KB