0001821769-23-000148.txt : 20230830 0001821769-23-000148.hdr.sgml : 20230830 20230830214649 ACCESSION NUMBER: 0001821769-23-000148 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230828 FILED AS OF DATE: 20230830 DATE AS OF CHANGE: 20230830 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Kinzer Daniel M. CENTRAL INDEX KEY: 0001520256 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39755 FILM NUMBER: 231226780 MAIL ADDRESS: STREET 1: C/O CORP SEC, FAIRCHILD SEMICONDUCTOR STREET 2: 82 RUNNING HILL RD. CITY: S. PORTLAND STATE: ME ZIP: 04106 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_1693446398.xml FORM 4 X0508 4 2023-08-28 0 0001821769 Navitas Semiconductor Corp NVTS 0001520256 Kinzer Daniel M. C/O NAVITAS SEMICONDUCTOR CORPORATION 3520 CHALLENGER STREET TORRANCE CA 90503-1640 1 1 0 0 COO and CTO 1 Class A Common Stock 2023-08-28 4 S 0 58605 8.3248 D 4614242 D Class A Common Stock 2023-08-29 4 S 0 58101 8.204 D 4556141 D Class A Common Stock 2023-08-30 4 S 0 57826 8.3036 D 4498315 D 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 restricted stock units (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 $8.065 to $8.5700, 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 reported securities were sold in multiple trades at prices ranging from $8.0150 to $8.3900, 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 reported securities were sold in multiple trades at prices ranging from $8.0150 to $8.4650, 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) 4,130,515 shares of common stock held directly and (ii) 364,800 shares of common stock underlying unvested restricted stock units, which will vest in full on August 25, 2024, subject to the reporting person's continued employment, or earlier upon certain events. Vesting results in the delivery of one share of common stock per vested unit following the vesting date, before taxes. Shares held directly include 3,000 shares acquired on 8/15/2023 under the issuer's Employee Stock Purchase Plan in a transaction exempt from Section 16 under Rules 16a-3(f)(1)(i)(B) and 16b-3(c) thereunder. /s/ Paul D. Delva, attorney-in-fact 2023-08-30