Navitas Semiconductor (NASDAQ: NVTS) grants director 9,990 RSUs
Rhea-AI Filing Summary
Navitas Semiconductor Corp (NVTS) reported that director Davin Lee received an annual grant of 9,990 restricted stock units (RSUs) of Class A Common Stock on July 22, 2026, for the 2026–2027 board term under the company’s non-employee director compensation program and 2021 Equity Incentive Plan. Each RSU converts into one share after vesting, and the RSUs vest in full on June 25, 2027. Following this award, Lee holds 13,420 shares directly.
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Insider Trade Summary
Net Buyer: 9,990 shares
Net Buy
1 txn
Insider
LEE DAVIN
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1 | 9,990 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 13,420 shares (Direct)
Footnotes (1)
- F1. Reflects shares underlying an annual award of restricted stock units ("RSUs") granted for the 2026-2027 board term under the issuer's non-employee director compensation program and the Navitas Semiconductor Corporation 2021 Equity Incentive Plan (the "Plan"). Each RSU represents the reporting person's right to receive one share of Class A Common Stock of the issuer following the vesting date in accordance with the Plan and subject to applicable issuer policies. The RSUs will vest in full on June 25, 2027.
Key Figures
RSUs granted: 9,990 RSUs
Vesting date: June 25, 2027
Shares held after transaction: 13,420 shares
+1 more
4 metrics
RSUs granted
9,990 RSUs
Annual award for the 2026–2027 board term granted on July 22, 2026
Vesting date
June 25, 2027
RSUs vest in full on this date under the 2021 Equity Incentive Plan
Shares held after transaction
13,420 shares
Direct ownership of Navitas Semiconductor Corp Class A Common Stock after award
Transaction price per share
0.0000
Compensation-related grant, not a market purchase or sale
Key Terms
restricted stock units, non-employee director compensation program, 2021 Equity Incentive Plan
3 terms
restricted stock units financial
"Reflects shares underlying an annual award of restricted stock units ("RSUs") granted"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
non-employee director compensation program financial
"granted for the 2026-2027 board term under the issuer's non-employee director compensation program"
2021 Equity Incentive Plan financial
"under the issuer's ... program and the Navitas Semiconductor Corporation 2021 Equity Incentive Plan"
FAQ
What did NVTS director Davin Lee report in this Form 4 transaction?
Davin Lee reported an award of 9,990 RSUs of Navitas Semiconductor Corp Class A Common Stock, granted for the 2026–2027 board term under the company’s non-employee director compensation program and 2021 Equity Incentive Plan.
When do Davin Lee’s newly granted NVTS RSUs vest?
The RSUs granted to Davin Lee vest in full on June 25, 2027. After vesting, each RSU represents the right to receive one share of Class A Common Stock, subject to the company’s equity plan and applicable issuer policies.
What is the nature of the NVTS equity award reported by Davin Lee?
The award is an annual grant of restricted stock units (RSUs) under Navitas Semiconductor Corp’s non-employee director compensation program and the 2021 Equity Incentive Plan, with each RSU delivering one share of Class A Common Stock after vesting.
Did Davin Lee pay a purchase price for the 9,990 NVTS RSUs?
No purchase price is indicated; the Form 4 shows a transaction price per share of 0.0000, consistent with a grant or award of RSUs as compensation rather than an open-market purchase.
AI-generated analysis. How Rhea-AI works. Not financial advice.