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