4//SEC Filing
Sheridan Eugene 4
Accession 0001821769-24-000108
CIK 0001821769other
Filed
Aug 29, 8:00 PM ET
Accepted
Aug 30, 7:19 PM ET
Size
12.4 KB
Accession
0001821769-24-000108
Insider Transaction Report
Form 4
Sheridan Eugene
DirectorPRESIDENT & CEO
Transactions
- Sale
Class A Common Stock
2024-08-30$3.03/sh−193,662$587,745→ 2,149,631 total - Sale
Class A Common Stock
2024-08-28$3.03/sh−453,190$1,372,350→ 2,608,441 total - Sale
Class A Common Stock
2024-08-29$3.04/sh−265,148$805,944→ 2,343,293 total
Holdings
- 800,000(indirect: By Trust)
Class A Common Stock
- 761,332(indirect: By Trust)
Class A Common Stock
- 1,226,044(indirect: By Trust)
Class A Common Stock
Footnotes (6)
- [F1]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 or the number of shares sold.
- [F2]The reported securities were sold in multiple trades at prices ranging from $2.9425 to $3.0289, 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 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.
- [F4]The reported securities were sold in multiple trades at prices ranging from $2.9100 to $3.1600, 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]The reported securities were sold in multiple trades at prices ranging from $2.9750 to $3.1750, 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.
- [F6]The reporting person disclaims beneficial ownership of the reported securities. Accordingly, by filing this report the reporting person does not thereby admit that the reporting person beneficially owns the reported securities, whether for purposes of Section 16 of the Securities Exchange Act of 1934 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, 7:19 PM ET
- Size
- 12.4 KB