0001821769-24-000046.txt : 20240315 0001821769-24-000046.hdr.sgml : 20240315 20240315204201 ACCESSION NUMBER: 0001821769-24-000046 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240313 FILED AS OF DATE: 20240315 DATE AS OF CHANGE: 20240315 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Kinzer Daniel M. CENTRAL INDEX KEY: 0001520256 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39755 FILM NUMBER: 24756694 MAIL ADDRESS: STREET 1: C/O NAVITAS SEMICONDUCTOR CORPORATION STREET 2: 3520 CHALLENGER STREET CITY: TORRANCE STATE: CA ZIP: 90503 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Navitas Semiconductor Corp CENTRAL INDEX KEY: 0001821769 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing 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_1710549710.xml FORM 4 X0508 4 2024-03-13 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 2024-03-13 4 A 0 60404 0 A 4562426 D Class A Common Stock 2024-03-14 4 S 0 24073 4.801 D 4538353 D Reflects settlement of shares underlying vested restricted stock units ("RSUs"). Reflects sales made pursuant to the issuer's policy requiring "sales to cover" of the minimum number of shares as are necessary to satisfy tax withholding obligations arising exclusively from the vesting of a compensatory award, including restricted stock units, and intending to satisfy the requirements of Rule 10b5-1(c) under the Securities Exchange Act of 1934. The reporting person does not exercise control over the timing of such sales. The reported securities were sold in multiple trades at prices ranging from $4.6400 to $4.8100, 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) 4,173,553 shares of common stock and (ii) 364,800 shares of common stock underlying unvested restricted stock units ("RSUs") , which will vest in full on August 25, 2024, subject to the reporting person's continued employment, or earlier upon certain events. RSU vesting results in the delivery of one share of common stock per vested RSU following the vesting date, before sales of settled shares to cover withholding taxes incurred by the reporting person upon settlement, if applicable, and subject to the issuer's equity incentive plan and applicable policies. Reported shares include 3,707 shares purchased under the issuer's Employee Stock Purchase Plan, which purchase was exempt from Section 16 of the Exchange Act pursuant to Rule 16a-3(f)(1)(i)(B) and Rule 16b-3(c) thereunder. /s/ Paul D. Delva, attorney-in-fact 2024-03-15