Navitas (NVTS) Insider: RSU Withholding of 3,882 Shares at $6.25
Rhea-AI Filing Summary
Todd Glickman, Sr. V.P., CFO & Treasurer of Navitas Semiconductor Corp (NVTS), reported a routine withholding transaction tied to vested restricted stock units. On 08/21/2025 a total of 3,882 shares were withheld to satisfy withholding taxes at a withheld price of $6.25 per share, and the filing shows 987,581 shares beneficially owned following the transaction. The Form 4 is signed by an attorney-in-fact on behalf of the reporting person and includes an explanation that the shares withheld were for tax withholding related to settled RSUs.
Positive
- Clear disclosure of RSU tax withholding (3,882 shares) shows compliance with Section 16 reporting requirements
- Reporting person retains substantial holdings with 987,581 shares beneficially owned after the withholding
Negative
- None.
Insights
TL;DR: Routine RSU tax-withholding disposal; no change to company capital structure and appears immaterial to investors.
The filing documents a tax-withholding event where 3,882 shares were withheld upon settlement of RSUs at an indicated price of $6.25. This is a non-cash, administrative disposition rather than an active sale, and the reporting person retains 987,581 shares after the adjustment. There is no indication of open-market selling or a change in executive ownership percentage from the disclosed data. For investors, this type of Form 4 typically has limited market impact.
TL;DR: Compliance-focused filing documenting RSU withholding; demonstrates standard insider reporting and tax settlement mechanics.
The Form 4 identifies the reporting person as an officer and discloses the mechanics of RSU settlement withholding. The explanation clarifies the transaction code F(1) as shares withheld for taxes. The form is signed by an attorney-in-fact, which is acceptable when properly authorized. There are no indications of unusual related-party transactions, pledge events, or departures from reporting norms in this filing.