Entity tied to NVTS director sells 389K shares
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Navitas Semiconductor Corp director-linked entity sells shares
An entity associated with Navitas Semiconductor Corp director Ranbir Singh, SiCPower, LLC, sold 389,096 shares of Class A common stock in an open-market transaction at a weighted average price of $9.5199 per share. After this sale, the filing shows zero shares held indirectly.
The shares were sold in multiple trades at prices ranging from $9.5000 to $9.5900. Singh is the sole manager of SiCPower, LLC and may be deemed to have indirect beneficial ownership of these securities but expressly disclaims beneficial ownership for Section 16 purposes.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 389,096 | $9.5199 | $3.70M |
Footnotes (2)
- F1. The reported securities were sold in multiple trades at prices ranging from $9.5000 to $9.5900, 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.
- F2. The reporting person is the sole manager of SiCPower, LLC and may be deemed to have indirect beneficial ownership of the reported securities held by SiCPower, LLC. The reporting person disclaims beneficial ownership of the reported securities, for purposes of Section 16 of the Exchange Act or otherwise.
FAQ
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Was the NVTS insider transaction a buy or sell, and what type of trade was it?
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