TODD GLICKMAN - 19 Oct 2021 Form 4 Insider Report for Navitas Semiconductor Corp (NVTS)

Role
Interim Chf Financial Officer
Signature
/s/ Paul Delva, Attorney-in-Fact
Issuer symbol
NVTS
Transactions as of
19 Oct 2021
Transactions value $
$0
Form type
4
Filing time
21 Oct 2021, 21:53:53 UTC
Next filing
14 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NVTS Common Stock Award +225,240 225,240 19 Oct 2021 Direct F1
transaction NVTS Common Stock Award $0 +147,744 +66% $0 372,984 19 Oct 2021 Direct F2
transaction NVTS Common Stock Award $0 +547,200 +147% $0 920,184 19 Oct 2021 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NVTS Stock Option (Right to Buy) Award $0 +16,621 $0 16,621 19 Oct 2021 Common Stock 16,621 $0.19 Direct F4
transaction NVTS Stock Option (Right to Buy) Award $0 +87,552 $0 87,552 19 Oct 2021 Common Stock 87,552 $0.21 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received in exchange for 205,812 shares of Navitas Semiconductor Limited, Inc. ("Navitas Semiconductor") in connection with the merger of Navitas Semiconductor into Navitas Semiconductor Corporation (the "Company") pursuant to the exchange ratio set forth in the Business Combination Agreement and Plan of Reorganization between Navitas Semiconductor and the Company. The closing price of the Company's Common Stock on the effective date of the merger was $13.38
F2 Received in exchange for 135,000 Restricted Stock Units of Navitas Semiconductor in connection with the merger of Navitas Semiconductor into the Company pursuant to the exchange ratio set forth in the Business Combination Agreement and Plan of Reorganization between Navitas Semiconductor and the Company. The closing price of the Company's Common Stock on the effective date of the merger was $13.38. These RSUs are partially vested and will fully vest on September 15, 2024.
F3 Received in exchange for 500,000 Restricted Stock Units of Navitas Semiconductor in connection with the merger of Navitas Semiconductor into the Company pursuant to the exchange ratio set forth in the Business Combination Agreement and Plan of Reorganization between Navitas Semiconductor and the Company. The closing price of the Company's Common Stock on the effective date of the merger was $13.38. These RSUs are unvested and will fully vest on February 25, 2022.
F4 Received in exchange for stock options to acquire 15,188 shares of Navitas Semiconductor in connection with the merger of Navitas Semiconductor into Company pursuant to the exchange ratio set forth in the Business Combination Agreement and Plan of Reorganization between Navitas Semiconductor and the Company. The closing price of the Company's Common Stock on the effective date of the merger was $13.38. These stock options are partially vested and will fully vest on November 16, 2021.
F5 Received in exchange for stock options to acquire 80,000 shares of Navitas Semiconductor in connection with the merger of Navitas Semiconductor into Company pursuant to the exchange ratio set forth in the Business Combination Agreement and Plan of Reorganization between Navitas Semiconductor and the Company. The closing price of the Company's Common Stock on the effective date of the merger was $13.38. These stock options are partially vested and will fully vest on March 16, 2023.