4//SEC Filing
Kinzer Daniel M. 4
Accession 0001821769-24-000046
CIK 0001821769other
Filed
Mar 14, 8:00 PM ET
Accepted
Mar 15, 8:42 PM ET
Size
8.1 KB
Accession
0001821769-24-000046
Insider Transaction Report
Form 4
Kinzer Daniel M.
DirectorChief Oprtng and Tech Officer
Transactions
- Award
Class A Common Stock
2024-03-13+60,404→ 4,562,426 total - Sale
Class A Common Stock
2024-03-14$4.80/sh−24,073$115,574→ 4,538,353 total
Footnotes (4)
- [F1]Reflects settlement of shares underlying vested restricted stock units ("RSUs").
- [F2]Reflects sales made pursuant to the issuer's policy requiring "sales to cover" of the minimum number of shares as are necessary to satisfy tax withholding obligations arising exclusively from the vesting of a compensatory award, including restricted stock units, and intending to satisfy the requirements of Rule 10b5-1(c) under the Securities Exchange Act of 1934. The reporting person does not exercise control over the timing of such sales.
- [F3]The reported securities were sold in multiple trades at prices ranging from $4.6400 to $4.8100, 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) 4,173,553 shares of common stock and (ii) 364,800 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. Reported shares include 3,707 shares purchased under the issuer's Employee Stock Purchase Plan, which purchase was exempt from Section 16 of the Exchange Act pursuant to Rule 16a-3(f)(1)(i)(B) and Rule 16b-3(c) thereunder.
Documents
Issuer
Navitas Semiconductor Corp
CIK 0001821769
Entity typeother
Related Parties
1- filerCIK 0001520256
Filing Metadata
- Form type
- 4
- Filed
- Mar 14, 8:00 PM ET
- Accepted
- Mar 15, 8:42 PM ET
- Size
- 8.1 KB