0001821769-23-000122.txt : 20230707 0001821769-23-000122.hdr.sgml : 20230707 20230707164751 ACCESSION NUMBER: 0001821769-23-000122 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230705 FILED AS OF DATE: 20230707 DATE AS OF CHANGE: 20230707 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Sheridan Eugene CENTRAL INDEX KEY: 0001888341 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39755 FILM NUMBER: 231077413 MAIL ADDRESS: STREET 1: C/O NAVITAS SEMICONDUCTOR CORPORATION STREET 2: 3520 CHALLENGER STREET CITY: TORRANCE STATE: CA ZIP: 90503-1640 FORMER NAME: FORMER CONFORMED NAME: Sheridan Gene DATE OF NAME CHANGE: 20211015 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_1688762863.xml FORM 4 X0407 4 2023-07-05 0 0001821769 Navitas Semiconductor Corp NVTS 0001888341 Sheridan Eugene C/O NAVITAS SEMICONDUCTOR CORPORATION 3520 CHALLENGER STREET TORRANCE CA 90503-1640 1 1 0 0 President & CEO 1 Class A Common Stock 2023-07-05 4 S 0 32050 10.68 D 926910 I GaNFast Trust Class A Common Stock 2023-07-06 4 S 0 24358 10.07 D 902552 I GaNFast Trust Class A Common Stock 1914083 D Class A Common Stock 1366044 I Eugene and Melissa Sheridan Trust Class A Common Stock 800000 I Lolas Trust Class A Common Stock 210000 I GSMS Trust The reported sales were made pursuant to a contract, instruction or written plan intended to satisfy the conditions of Rule 10b5-1(c) under the Securities Exchange Act of 1934. The reported securities were sold in multiple trades at prices ranging from $10.30 to $11.13, 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 $9.89 to $10.43, 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) 90,083 shares of common stock held directly following the transaction described in note 5 below and (ii) 1,824,000 shares of common stock underlying unvested restricted stock units, which will vest in one-half increments on each of August 25, 2023 and 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. Includes 300,000 shares previously reported as held directly and subsequently gifted by the reporting person to the Eugene and Melissa Sheridan Trust in a transaction exempt from Section 16 under Rule 16a-13 thereunder. As a condition to the permissibility of the gift under lock-up agreements to which the gifted shares are subject, the donee has agreed that the gifted shares will be subject to the same transfer restrictions. The reporting person disclaims beneficial ownership of the reported securities, and this report shall not be deemed an admission that the reporting person beneficially owns the reported securities for purposes of Section 16 or any other purpose. /s/ Paul D. Delva, attorney-in-fact 2023-07-07