Navitas (NVTS) director gifts 6,280 shares, retains direct and indirect holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Navitas Semiconductor Corp director Gary Kent Wunderlich Jr. reported a charitable-type move in the company’s stock. He made a bona fide gift of 6,280 shares of Class A Common Stock on June 2, 2026, transferring them at a reported price of $0.00 per share, which indicates no sale proceeds and no market transaction.
After this gift, he directly holds 7,684 shares of Navitas Semiconductor Corp Class A Common Stock. He is also a managing member of Live Oak Sponsor Partners II, LLC, which indirectly holds 2,375,060 shares; he disclaims beneficial ownership of those securities except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,280 shares gifted
Mixed
2 txns
Insider
Wunderlich Gary Kent JR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 6,280 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 7,684 shares (Direct, null);
Class A Common Stock — 2,375,060 shares (Indirect, Live Oak Sponsor Partners II, LLC)
Footnotes (1)
- [object Object]
Key Figures
Gifted shares: 6,280 shares
Gift price: $0.00 per share
Direct holdings after transaction: 7,684 shares
+2 more
5 metrics
Gifted shares
6,280 shares
Bona fide gift of Class A Common Stock on June 2, 2026
Gift price
$0.00 per share
Reported transaction price for gifted shares
Direct holdings after transaction
7,684 shares
Class A Common Stock directly held after June 2, 2026 gift
Indirect holdings via LLC
2,375,060 shares
Class A Common Stock held by Live Oak Sponsor Partners II, LLC
Gift transactions count
1 transaction
Transaction summary shows one bona fide gift
Key Terms
bona fide gift, indirect ownership, pecuniary interest, beneficial ownership
4 terms
bona fide gift financial
"The transaction_code_description field describes the event as a "Bona fide gift"."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
indirect ownership financial
"The filing lists 2,375,060 shares with ownership_type "indirect" via Live Oak Sponsor Partners II, LLC."
pecuniary interest financial
"The footnote states he disclaims beneficial ownership except to the extent of his pecuniary interest."
beneficial ownership financial
"The footnote explains that the reporting person disclaims beneficial ownership of the reported securities."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
