Form 4: Navitas Semiconductor Corp: Officer Glickman Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Todd Glickman, Sr. V.P., CFO & Treasurer of Navitas Semiconductor Corp, reports the disposal of shares to cover withholding taxes upon settlement of RSUs.
Summary
- On March 5, 2025, Todd Glickman, Sr. V.P., CFO & Treasurer of Navitas Semiconductor Corp, disposed of 8,272 shares of Class A Common Stock to cover withholding taxes.
- The transaction was executed at a price of $2.44 per share.
- Following the transaction, Glickman beneficially owns 676,225 shares, including 629,149 shares of common stock and 47,076 shares underlying unvested restricted stock units (RSUs).
- These RSUs are scheduled to vest through January 20, 2028, subject to continued employment.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects a routine transaction related to executive compensation and tax obligations.
Future Outlook
The unvested RSUs are scheduled to vest through January 20, 2028, subject to the reporting person's continued employment.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/05/2025 | Date of the transaction (share disposal). |
| 03/21/2025 | Date of signature on the report. |
| January 20, 2028 | Final vesting date for the unvested restricted stock units. |
Keywords
Navitas Semiconductor Corp, NVTS, Todd Glickman, Form 4, SEC Filing, Share Disposal, RSUs, Withholding Taxes, Beneficial Ownership
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