4//SEC Filing
Singh Ranbir 4
Accession 0001821769-24-000147
CIK 0001821769other
Filed
Dec 9, 7:00 PM ET
Accepted
Dec 10, 9:29 PM ET
Size
9.0 KB
Accession
0001821769-24-000147
Insider Transaction Report
Form 4
Singh Ranbir
Director10% Owner
Transactions
- Sale
Class A Common Stock
2024-12-10$4.27/sh−34,642$147,914→ 173,753 total - Award
Class A Common Stock
2024-12-06+179,038→ 208,395 total
Holdings
- 24,883,161(indirect: By LLC)
Class A Common Stock
Footnotes (4)
- [F1]Reflects shares of common stock underlying restricted stock units (RSUs), 162,661 of which were fully vested upon grant and 16,377 of which are scheduled to vest on the date of the issuer's 2025 annual stockholders' meeting, subject to the reporting person's continued service as a director of the company on the vesting date, in each case granted in connection with the reporting person's election to the issuer's board of directors as disclosed in the issuer's current report on Form 8-K filed with the Securities and Exchange Commission on December 3, 2024. RSUs entitle the holder to receive one share of common stock per vested RSU, upon or promptly following the vesting date, before "sales to cover" taxes as described in note 2 and subject to the applicable equity incentive plan and policies of the issuer.
- [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 or the number of shares sold.
- [F3]The reported securities were sold in multiple trades at prices ranging from $4.1450 to $4.2691, 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 and may be deemed to have indirect beneficial ownership of the shares held by SiCPower, LLC. The reporting person disclaims beneficial ownership of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934.
Documents
Issuer
Navitas Semiconductor Corp
CIK 0001821769
Entity typeother
Related Parties
1- filerCIK 0001943408
Filing Metadata
- Form type
- 4
- Filed
- Dec 9, 7:00 PM ET
- Accepted
- Dec 10, 9:29 PM ET
- Size
- 9.0 KB