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