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