Navitas (NVTS) insider filing shows 22,048 RSU award and ownership details
Rhea-AI Filing Summary
Navitas Semiconductor (NVTS) Director Richard J. Hendrix was granted 22,048 restricted stock units (RSUs) on 08/06/2025 under the company’s 2021 Equity Incentive Plan as the annual non-employee director award for the 2025-2026 board term. Each RSU represents the right to receive one share of Class A Common Stock and will vest in full immediately before the issuer’s 2026 annual stockholders’ meeting, subject to the reporting person’s continued service and timing conditions described in the plan.
The Form 4 shows the reporting person beneficially owns 67,504 shares following the reported transaction. The filing also discloses indirect holdings of 1,263,000 shares by Live Oak Sponsor Partners II, LLC and 176,709 shares by RJH Management Co., LLC; the reporting person disclaims beneficial ownership of the Live Oak Sponsor shares except to the extent of his pecuniary interest. The form was signed by attorney-in-fact Paul D. Delva on 08/08/2025.
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Insights
TL;DR: Routine annual director RSU grant disclosed; vesting tied to continued service and next annual meeting.
The Form 4 documents a customary non-employee director compensation event: an annual RSU grant of 22,048 units for Richard J. Hendrix. Vesting is conditional on continued board service and the timing of the 2026 annual meeting, consistent with standard director equity practices. The filing also separately discloses direct and indirect beneficial ownership stakes, and includes the reporting person’s disclaimer regarding Live Oak Sponsor Partners II, LLC. This is a governance disclosure reflecting alignment of director and shareholder interests rather than an operational or financial development.
TL;DR: Insider award and ownership details disclosed; transaction appears compensatory and not a market trade.
The entry reports an award of 22,048 RSUs granted 08/06/2025 and shows 67,504 shares beneficially owned following the grant. Two related entities hold 1,263,000 and 176,709 shares indirectly, with a disclaimer of beneficial ownership for Live Oak Sponsor shares except for pecuniary interest. The signature by an attorney-in-fact on 08/08/2025 finalizes the disclosure. From a securities reporting standpoint, this is a routine Form 4 disclosure of compensation-related equity, not an open-market purchase or sale.