0001821769-23-000184.txt : 20231116
0001821769-23-000184.hdr.sgml : 20231116
20231116185527
ACCESSION NUMBER: 0001821769-23-000184
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231114
FILED AS OF DATE: 20231116
DATE AS OF CHANGE: 20231116
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Wunderlich Gary Kent JR
CENTRAL INDEX KEY: 0001709974
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39755
FILM NUMBER: 231415975
MAIL ADDRESS:
STREET 1: CLO B. RILEY FINANCIAL, INC.,
STREET 2: 21255 BURBANK BLVD., SUITE 400
CITY: WOODLAND
STATE: CA
ZIP: 91367
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_1700178916.xml
FORM 4
X0508
4
2023-11-14
0
0001821769
Navitas Semiconductor Corp
NVTS
0001709974
Wunderlich Gary Kent JR
40 S. MAIN STREET, #2550
MEMPHIS
TN
38103
1
0
0
0
0
Class A Common Stock
2023-11-14
4
S
0
49150
6.2913
D
0
I
Live Oak Merchant Partners LLC
Class A Common Stock
2947000
I
Live Oak Sponsor Partners II, LLC
Class A Common Stock
322799
D
Class A Common Stock
113506
I
Individual retirement accounts
Class A Common Stock
2610
I
Trust A
Class A Common Stock
2610
I
Trust B
Class A Common Stock
2610
I
Trust C
Class A Common Stock
2610
I
Trust D
The reported shares were previously reported as held by Live Oak Sponsor Partners II, LLC ("Live Oak Sponsor") and beneficially owned indirectly by the reporting person by virtue of his pecuniary interest therein. The reported shares were subsequently distributed by Live Oak Sponsor to Live Oak Merchant Partners, LLC in a transaction that was not reportable under Section 16 of the Securities Exchange Act of 1934.
The reported securities were sold in multiple trades at prices ranging from $6.2900 to $6.3050, 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 reporting person is a managing member of Live Oak Merchant Partners LLC. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
The reporting person is a managing member of Live Oak Sponsor. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
Includes 116,550 shares that were previously reported as as held by Live Oak Sponsor and beneficially owned indirectly by the reporting person by virtue of his pecuniary interest therein. Those 116,550 shares were subsequently distributed by Live Oak Sponsor to the reporting person in a transaction that was not reportable under Section 16 of the Securities Exchange Act of 1934. The reported shares also include 15,021 shares underlying unvested restricted stock units ("RSUs") subject to vesting on the date of the issuer's 2024 annual stockholders' meeting. RSU vesting is subject to the reporting person's continued service on the issuer's board of directors on the vesting date. RSUs are granted under the issuer's non-employee director compensation program and 2021 Equity Incentive Plan (the "Plan"), and represent the reporting person's right to receive one share of Class A Common Stock following the vesting date in accordance with the Plan and subject to applicable issuer policies.
Includes 43,522 shares that were previously reported as as held by Live Oak Sponsor and beneficially owned indirectly by the reporting person by virtue of his pecuniary interest therein. Those 43,522 shares were subsequently distributed by Live Oak Sponsor to an individual retirement account of the reporting person in a transaction that was not reportable under Section 16 of the Securities Exchange Act of 1934.
In separate trusts for the benefit of the reporting person's immediate family members.
/s/ Paul D. Delva, attorney-in-fact
2023-11-16