GLICKMAN TODD 4
4 · Navitas Semiconductor Corp · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Navitas (NVTS) CFO Todd Glickman Receives Award, Sells Shares
What Happened
Todd Glickman, Senior Vice President, Chief Financial Officer and Treasurer of Navitas Semiconductor (NVTS), received a compensatory award of 32,636 shares (reported acquisition at $0.00) and sold 12,532 shares in an open-market/private sale. The sale generated $123,064 (weighted-average sale price $9.82). The sale was reported as a "sales to cover" transaction tied to tax withholding obligations from the vesting of a compensatory award.
Key Details
- Transaction date: February 26, 2026; Form 4 filed March 2, 2026 (timely).
- Award: 32,636 shares acquired at $0.00 (compensatory award/vesting).
- Sale: 12,532 shares disposed; weighted-average price $9.82; total proceeds $123,064. Trades occurred at prices ranging $9.76–$9.82.
- Shares owned after transaction: Not disclosed in this filing.
- Footnotes: Sale was a "sales to cover" under the issuer’s tax-withholding policy and intended to comply with Rule 10b5-1(c); the reporting person does not control timing or number of shares sold. Detailed trade-level prices/quantities available on request per the filing.
Context
Sales to cover taxes on vested awards are routine and do not necessarily indicate a change in insider sentiment; the award reflects compensation/vesting rather than a market purchase. Purchases generally carry more informational weight for investors than routine tax-withholding sales.
Insider Transaction Report
- Award
Class A Common Stock
2026-02-26+32,636→ 845,915 total - Sale
Class A Common Stock
[F1][F2]2026-02-26$9.82/sh−12,532$123,064→ 833,383 total
Footnotes (2)
- [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 $9.76 to $9.82, 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.