Form 4: Navitas Semiconductor CFO Sells Shares to Cover Tax Obligations

Todd Glickman, CFO of Navitas Semiconductor, sold 13,644 shares of Class A Common Stock to cover tax withholding obligations arising from the vesting of compensatory awards.

Summary

• On February 26, 2025, Todd Glickman, the Senior Vice President, CFO & Treasurer of Navitas Semiconductor Corp, sold 13,644 shares of Class A Common Stock at a price of $2.59 per share.
• The sale was executed to cover tax withholding obligations related to the vesting of compensatory awards, including restricted stock units.
• Following the transaction, Glickman beneficially owns 684,497 shares, including 617,285 shares of common stock and 67,212 shares underlying unvested restricted stock units scheduled to vest through January 20, 2028.
• The sales were made pursuant to the issuer's policy requiring 'sales to cover' and intended to satisfy the requirements of Rule 10b5-1(c) under the Securities Exchange Act of 1934.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the transaction is a routine sale to cover tax obligations. It doesn't indicate a change in the executive's confidence in the company.

Positives

• The sale was part of a pre-arranged plan (Rule 10b5-1(c)), indicating it was not based on insider information.
• The remaining holdings of 684,497 shares demonstrates continued investment in the company.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Sales to cover are a common practice among executives receiving equity compensation, and this transaction appears to be routine.

Stakeholder Impact

• The sale is unlikely to have a significant impact on shareholders as it is a small percentage of the CFO's holdings and was conducted to cover tax obligations.

Key Dates