0001821769-23-000136.txt : 20230818
0001821769-23-000136.hdr.sgml : 20230818
20230818211733
ACCESSION NUMBER: 0001821769-23-000136
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230816
FILED AS OF DATE: 20230818
DATE AS OF CHANGE: 20230818
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SHELTON RON
CENTRAL INDEX KEY: 0001229575
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39755
FILM NUMBER: 231187125
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_1692407845.xml
FORM 4
X0508
4
2023-08-16
0
0001821769
Navitas Semiconductor Corp
NVTS
0001229575
SHELTON RON
C/O NAVITAS SEMICONDUCTOR CORPORATION
3520 CHALLENGER STREET
TORRANCE
CA
90503-1640
0
1
0
0
Sr VP, CFO and Treasurer
1
Class A Common Stock
2023-08-16
4
A
0
75000
0
A
454552
D
Class A Common Stock
2023-08-17
4
S
0
34245
7.81
D
420307
D
Reflects settlement following partial vesting of 225,000 performance-based restricted stock units ("RSUs") granted to the reporting person on 7/13/2022. Vesting results in the delivery of one share of common stock per vested RSU following the vesting date, before taxes and subject to applicable issuer policies.
In accordance with issuer policy the reported securities were sold automatically solely to cover applicable withholding taxes, incurred by the reporting person as a result of the settlement of vested RSUs, in transactions intended to comply with a trading plan under Rule 10b5-1(c) of the Exchange Act.
The reported securities were sold in multiple trades at prices ranging from $7.81 to $7.82, 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.
Consists of (i) 139,057 shares held directly and (ii) 281,250 shares underlying unvested time-based RSUs, which will vest in one-third increments on each of April 20, 2024, April 20, 2025 and April 20, 2026, subject to the reporting person's continued employment on the respective vesting dates. Vesting results in the delivery of one share of common stock per vested RSU following the vesting date, before taxes and subject to applicable issuer policies.
/s/ Paul D. Delva, attorney-in-fact
2023-08-18