Navitas (NVTS) director Ranbir Singh sells 3.7M shares but keeps large stake
Rhea-AI Filing Summary
Navitas Semiconductor Corp director Ranbir Singh reported significant open-market sales of Class A Common Stock. On May 27, 2026, he sold 3,060,118 shares at a weighted average price of $29.29 per share, and on May 28, 2026 he sold 664,058 shares at a weighted average price of $28.72 per share. After these transactions, he directly held 15,607,533 shares following the May 27 sale and 14,943,475 shares following the May 28 sale. The prices reflect multiple trades within disclosed intraday ranges.
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Insights
Director executes large net share sale but retains sizable position.
Director Ranbir Singh executed two open-market sales totaling 3,724,176 shares of Navitas Semiconductor Class A stock across May 27–28, 2026, at weighted average prices of $29.29 and $28.72 per share.
The transactions are pure disposals, with no derivative exercises or tax withholdings reported. Despite the sizable net sale, Singh still holds 14,943,475 shares directly after the final transaction, indicating a continued large equity stake in the company.
Each reported price is a weighted average of multiple trades within stated intraday ranges, which is typical for sizeable dispositions executed over several executions in normal market trading.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 664,058 | $28.72 | $19.07M |
| Sale | Class A Common Stock | 3,060,118 | $29.29 | $89.63M |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions ranging from $28.56 to $31.94, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the preceding sentence. The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions ranging from $28.44 to $29.43, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the preceding sentence.