Todd Glickman - Feb 26, 2025 Form 4 Insider Report for Navitas Semiconductor Corp (NVTS)

Role: Sr. V.P., CFO & Treasurer
Signature: /s/ Paul D. Delva, attorney-in-fact
Stock symbol: NVTS
Transactions as of: Feb 26, 2025
Transactions value $: -$35,338
Form type: 4
Date filed: 2/28/2025, 08:14 PM
Previous filing: Oct 15, 2024
Next filing: Mar 21, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NVTS	Class A Common Stock	Sale	-$35.3K	-13.6K	-1.95%	$2.59	684K	Feb 26, 2025	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	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 or the number of shares sold.
F2	Consists of (i) 617,285 shares of common stock and (ii) 67,212 shares of common stock underlying unvested restricted stock units ("RSUs") scheduled to vest through January 20, 2028 subject to the reporting person's continued employment on the applicable vesting date, 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.

Content

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 or the number of shares sold.

Consists of (i) 617,285 shares of common stock and (ii) 67,212 shares of common stock underlying unvested restricted stock units ("RSUs") scheduled to vest through January 20, 2028 subject to the reporting person's continued employment on the applicable vesting date, 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.