0001821769-23-000186.txt : 20231116 0001821769-23-000186.hdr.sgml : 20231116 20231116185751 ACCESSION NUMBER: 0001821769-23-000186 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20231114 FILED AS OF DATE: 20231116 DATE AS OF CHANGE: 20231116 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HENDRIX RICHARD J CENTRAL INDEX KEY: 0001218306 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39755 FILM NUMBER: 231415986 MAIL ADDRESS: STREET 1: 1300 NORTH 17TH STREET CITY: ARLINGTON STATE: VA ZIP: 22209 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Navitas Semiconductor Corp CENTRAL INDEX KEY: 0001821769 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 852560226 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 3520 CHALLENGER ST. CITY: TORRANCE STATE: CA ZIP: 90503 BUSINESS PHONE: 844-654-2642 MAIL ADDRESS: STREET 1: 3520 CHALLENGER ST. CITY: TORRANCE STATE: CA ZIP: 90503 FORMER COMPANY: FORMER CONFORMED NAME: Live Oak Acquisition Corp II DATE OF NAME CHANGE: 20200819 4 1 wk-form4_1700179062.xml FORM 4 X0508 4 2023-11-14 0 0001821769 Navitas Semiconductor Corp NVTS 0001218306 HENDRIX RICHARD J 40 S. MAIN STREET, #2550 MEMPHIS TN 38103 1 0 0 0 0 Class A Common Stock 2023-11-14 4 S 0 49150 6.2913 D 0 I By Live Oak Merchant Partners LLC Class A Common Stock 2947000 I By Live Oak Sponsor Partners II, LLC Class A Common Stock 301593 I By RJH Management Co., LLC Class A Common Stock 63279 D Class A Common Stock 50156 I By Individual retirement accounts The reported shares were previously reported as held by Live Oak Sponsor Partners II, LLC ("Live Oak Sponsor") and beneficially owned indirectly by the reporting person by virtue of his pecuniary interest therein. The reported shares were subsequently distributed by Live Oak Sponsor to Live Oak Merchant Partners, LLC in a transaction that was not reportable under Section 16 of the Securities Exchange Act of 1934. The reported securities were sold in multiple trades at prices ranging from $6.2900 to $6.3050, 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. The reporting person is a managing member of Live Oak Merchant Partners, LLC. The reporting person disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein. The reporting person is a managing member of Live Oak Sponsor. The reporting person disclaims beneficial ownership of the reported shares except to the extent of his pecuniary interest therein. Includes 138,311 shares of common stock that were previously reported as as held by Live Oak Sponsor and beneficially owned indirectly by the reporting person by virtue of his pecuniary interest therein. Those 138,311 shares were subsequently distributed by Live Oak Sponsor to RJH Management Co., LLC in a transaction that was not reportable under Section 16 of the Securities Exchange Act of 1934. Includes 15,021 shares underlying unvested RSUs subject to vesting on the date of the issuer's 2024 annual stockholders' meeting. RSU vesting is subject to the reporting person's continued service on the issuer's board of directors on the vesting date. RSUs are granted under the issuer's non-employee director compensation program and 2021 Equity Incentive Plan (the "Plan"), and represent the reporting person's right to receive one share of Class A Common Stock following the vesting date in accordance with the Plan and subject to applicable issuer policies. Includes 21,761 shares of common stock that were previously reported as as held by Live Oak Sponsor and beneficially owned indirectly by the reporting person by virtue of his pecuniary interest therein. Those 21,761 shares were distributed by Live Oak Sponsor to an individual retirement account of the reporting person in a transaction that was not reportable under Section 16 of the Securities Exchange Act of 1934. /s/ Paul D. Delva, attorney-in-fact 2023-11-16