0001821769-23-000159.txt : 20231006 0001821769-23-000159.hdr.sgml : 20231006 20231006201712 ACCESSION NUMBER: 0001821769-23-000159 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20231005 FILED AS OF DATE: 20231006 DATE AS OF CHANGE: 20231006 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: 231315273 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_1696637821.xml FORM 4 X0508 4 2023-10-05 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 2023-10-05 4 S 0 16666 6.4434 D 811330 I GaNFast Trust Class A Common Stock 2023-10-06 4 S 0 16666 6.3441 D 794664 I GaNFast Trust Class A Common Stock 2996627 D Class A Common Stock 1226044 I Eugene and Melissa Sheridan Trust Class A Common Stock 800000 I Lolas Trust The reported shares were sold 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 $6.2700 to $6.6900, 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 $6.1700 to $6.4550, 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) 2,084,627 shares of common stock and (ii) 912,000 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. 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 2023-10-06