Singh Ranbir 4
4 · Navitas Semiconductor Corp · Filed Mar 15, 2024
Insider Transaction Report
Form 4
Singh Ranbir
Director
Transactions
- Sale
Class A Common Stock
2024-03-14$4.80/sh−10,925$52,451→ 29,357 total - Award
Class A Common Stock
2024-03-13+37,530→ 40,282 total
Holdings
- 24,883,161(indirect: By LLC)
Class A Common Stock
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]The reporting person is the sole manager of SiCPower, LLC, a Delaware limited liability company (SiCPower"), and may be deemed to have indirect beneficial ownership of the securities held by SiCPower. The reporting person disclaims beneficial ownership of the reported securities, for purposes of Section 16 of the Exchange Act or otherwise. 6,237,558 of the reported shares held by SiCPower were previously held by an irrevocable trust for which the reporting person acted as grantor (the "Trust"). As reported on a Form 4 filed by SiCPower with the SEC on March 24, 2023, the Trust transferred all of its shares to SiCPower on March 23, 2023 in a private transaction which, as to the reporting person, was exempt from reporting under Section 16 of the Exchange Act pursuant to Rule 16a-13 thereunder.