Navitas (NVTS) Insider Sale: 455,596 Shares Disposed by Director
Rhea-AI Filing Summary
Navitas Semiconductor Corp (NVTS) director Brian Long reported sales of Class A common stock on September 11, 2025. The Form 4 shows 455,596 shares sold in multiple trades at prices ranging from $5.83 to $6.13, with a weighted-average sale price of $6.0498, reducing his reported beneficial ownership to 2,215,395 shares held indirectly through Atlantic Bridge III LP. An additional line shows 22,048 shares disposed, which the filing notes reflect shares underlying unvested restricted stock units. The filing was signed by attorney-in-fact Paul D. Delva on September 15, 2025.
Positive
- None.
Negative
- Director sold a large block of 455,596 shares at a weighted-average of $6.0498, which reduced reported indirect holdings.
- Disposition included shares underlying unvested RSUs (22,048), indicating insider share movements across vested and unvested holdings.
Insights
TL;DR: A director sold a material block of shares at ~$6.05, reducing indirect holdings; no company operational data provided.
The sale of 455,596 shares at a weighted-average price of $6.0498 is a sizable insider disposition that lowers the reporting person’s indirect stake. The filing supplies exact trade price range and post-transaction indirect holdings of 2,215,395 shares. There is no accompanying discussion of company fundamentals, timing rationale, or planned future transactions in the document, so market impact would depend on context outside this filing.
TL;DR: Director complied with Section 16 reporting by disclosing sales; indirect ownership retained via Atlantic Bridge III LP.
The report indicates proper Section 16 disclosure of multiple transactions and notes the reporting person’s role as managing director of Atlantic Bridge III LP and disclaimer of direct beneficial ownership beyond pecuniary interest. The filing documents shares underlying unvested restricted stock units separately, and is executed by an attorney-in-fact, consistent with standard procedural practice.