Navitas Semiconductor (NVTS) CEO awarded shares and sells stock to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Navitas Semiconductor Corp director and President & CEO Chris Allexandre received a grant of 22,559 shares of Class A Common Stock on March 3, 2026 at no cost, bringing his direct holdings to 822,559 shares before subsequent trades.
On the same date, he sold 9,236 Class A shares in an open‑market transaction at a weighted average price of $8.93 per share, leaving 813,323 shares owned directly afterward. According to the disclosure, these sales were executed under the company’s “sales to cover” policy to satisfy tax withholding from the vesting of compensatory awards, and he does not control the timing or number of shares sold.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 9,236 shares ($82,477)
Net Sell
2 txns
Insider
Allexandre Chris
Role
PRESIDENT AND CEO
Sold
9,236 shs ($82K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 22,559 | $0.00 | -- |
| Sale | Class A Common Stock | 9,236 | $8.93 | $82K |
Holdings After Transaction:
Class A Common Stock — 822,559 shares (Direct)
Footnotes (1)
- 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. The reported securities were sold in multiple trades at prices ranging from $8.86 to $8.94, inclusive. The price reported above reflects the weighted average sale price. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares and prices at which the transaction was effected.