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.