NVTS CFO sells 96,313 shares at $10.56; 891,268 remain on 11/05/2025
Navitas Semiconductor (NVTS) executive reported an insider transaction.
Rhea-AI Filing Summary
Navitas Semiconductor (NVTS) executive reported an insider transaction. The Sr. V.P., CFO & Treasurer sold 96,313 shares of Class A common stock on 11/05/2025 at $10.56 per share (Code S), leaving 891,268 shares beneficially owned, held directly.
The filing states these were “sales to cover” tax withholding from the vesting of a compensatory award, including RSUs, intended to satisfy Rule 10b5-1(c). The reporting person does not control the timing or number of shares sold under this policy.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 96,313 shares
Net Sell
1 txn
Insider
GLICKMAN TODD
Role
Sr. V.P., CFO & Treasurer
Sold
96,313 shs ($1.02M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 96,313 | $10.56 | $1.02M |
Holdings After Transaction:
Class A Common Stock — 891,268 shares (Direct)
Footnotes (1)
- 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.
FAQ
What did NVTS disclose in this Form 4?
The Sr. V.P., CFO & Treasurer reported selling 96,313 shares of Class A common stock on 11/05/2025 at $10.56 per share.
What transaction code appears for the NVTS insider sale?
The transaction is marked with code S, indicating an open market or private sale of non-derivative securities.
Who is the reporting person in the NVTS Form 4?
An officer of Navitas serving as Sr. V.P., CFO & Treasurer is the reporting person.
Was the sale under a 10b5-1 trading arrangement?
Yes. The filing indicates intent to satisfy the affirmative defense conditions of Rule 10b5-1(c) for these sales-to-cover.
AI-generated analysis. How Rhea-AI works. Not financial advice.