NVTS Form 144 Filed for 500K Shares; June 2025 Insider Sales Listed
Rhea-AI Filing Summary
Navitas Semiconductor Corporation (NVTS) filed a Form 144 notifying a proposed sale of 500,000 shares of Class A common stock with an aggregate market value of $3,060,000, to be sold through Sparkasse Bank Malta Plc on or about 08/27/2025. The filing shows 213,107,277 shares outstanding. The shares to be sold were originally acquired on 10/19/2021 in a registered issuance tied to a business combination, totaling 8,866,500 shares received on that date. The filing also reports recent sales in June 2025 by Brian Long and Atlantic Bridge III LP, listing specific sale amounts and gross proceeds.
Positive
- Disclosure completeness: The filing specifies broker, exact share count, aggregate market value, approximate sale date, and acquisition origin.
- Acquisition history provided: Shows the securities were acquired in a registered issuance on 10/19/2021 (8,866,500 shares).
Negative
- Recent sales reported: Multiple large dispositions in June 2025 by Atlantic Bridge III LP (3,955,559 total shares listed across three sales) and one by Brian Long (31,460 shares) reducing insider holdings.
- Proposed sale increases available supply: A 500,000-share sale is scheduled, which may affect short-term market liquidity.
Insights
TL;DR: A Form 144 reports an upcoming 500,000-share sale and multiple insider/affiliate sales in June 2025, increasing available supply.
The filing provides clear details on the proposed trade: broker name, approximate sale date, number of shares and aggregate market value, and the origin of the securities as a registered issuance on 10/19/2021. It also discloses multiple June 2025 transactions by named sellers with amounts and gross proceeds, which are relevant to liquidity and short-term float considerations. The disclosure is thorough and allows investors to track potential share availability without relying on estimates.
TL;DR: The notice adheres to Rule 144 disclosure requirements with identified sellers and acquisition history.
The filer affirms no undisclosed material adverse information and provides acquisition details showing the securities originated from a registered issuance related to a business combination. The filing names the person for whose account the sale is proposed and lists recent dispositions by Brian Long and Atlantic Bridge III LP, supporting transparency around insider or affiliate liquidity events. The certification language and signature notice are present as required.