0001821769-24-000047.txt : 20240315
0001821769-24-000047.hdr.sgml : 20240315
20240315204213
ACCESSION NUMBER: 0001821769-24-000047
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: Singh Ranbir
CENTRAL INDEX KEY: 0001943408
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39755
FILM NUMBER: 24756695
MAIL ADDRESS:
STREET 1: 2101 E. EL SEGUNDO BLVD., STE. 205
CITY: EL SEGUNDO
STATE: CA
ZIP: 90245
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_1710549723.xml
FORM 4
X0508
4
2024-03-13
0
0001821769
Navitas Semiconductor Corp
NVTS
0001943408
Singh Ranbir
C/O NAVITAS SEMICONDUCTOR CORPORATION
3520 CHALLENGER STREET
TORRANCE
CA
90503-1640
0
1
1
0
EVP, GeneSiC Business
1
Class A Common Stock
2024-03-13
4
A
0
37530
0
A
40282
D
Class A Common Stock
2024-03-14
4
S
0
10925
4.801
D
29357
D
Class A Common Stock
24883161
I
SiCPower, LLC
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.
The reporting person is the sole manager of SiCPower, LLC, a Delaware limited liability company (SiCPower"), and may be deemed to have indirect beneficial ownership of the securities held by SiCPower. The reporting person disclaims beneficial ownership of the reported securities, for purposes of Section 16 of the Exchange Act or otherwise. 6,237,558 of the reported shares held by SiCPower were previously held by an irrevocable trust for which the reporting person acted as grantor (the "Trust"). As reported on a Form 4 filed by SiCPower with the SEC on March 24, 2023, the Trust transferred all of its shares to SiCPower on March 23, 2023 in a private transaction which, as to the reporting person, was exempt from reporting under Section 16 of the Exchange Act pursuant to Rule 16a-13 thereunder.
/s/ Paul D. Delva, attorney-in-fact
2024-03-15