Navitas Semiconductor Corp (NVTS) reported that director Richard J. Hendrix received an annual grant of 9,990 restricted stock units (RSUs) for the 2026–2027 board term under the company’s 2021 Equity Incentive Plan. The RSUs carry no cash exercise price and vest in full on June 25, 2027. Following this award, Hendrix directly holds 43,845 shares of Class A common stock, and is also reported as having indirect interests in shares held by Live Oak Sponsor Partners II, LLC and RJH Management Co., LLC, with beneficial ownership of the Live Oak-held shares disclaimed except for his pecuniary interest.
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.
Navitas Semiconductor Corp (symbol: NVTS) is the issuer of record for a Form 4/A filing submitted to the SEC.
Navitas Semiconductor Corp (NVTS) agreed to acquire Claros, Inc. in a two-step merger structure, with Claros first merging into a Navitas subsidiary and then into a Navitas LLC subsidiary. The estimated aggregate purchase price is about $232.8 million, based on a Navitas share price of $12.97 on August 21, 2026.
At closing, Navitas expects to pay approximately $126.4 million in cash and approximately $89.7 million in Class A common stock, or about 6.9 million shares, with an additional $16.7 million Earnout payable in up to about 1.28 million shares upon achieving specified business milestones within two years after closing. Navitas will also grant Claros employees performance stock units valued at about $28.9 million, vesting on similar milestones and settled in stock. Navitas plans to file a Form S-4 to register the shares issued in the transaction. The deal, unanimously approved by both boards, is subject to customary conditions including Hart‑Scott‑Rodino clearance and is expected, but not assured, to close before December 31, 2026.
Saluja Dipender reported acquisition or exercise transactions in this Form 4 filing.
Navitas Semiconductor Corp director Dipender Saluja received two stock grants as board fees taken in shares. He was awarded 864 Class A common shares on May 9, 2026 for first-quarter service at $14.47 per share, and 951 shares on July 31, 2026 for second-quarter service at $13.15 per share. Footnotes state each grant was elected in lieu of the cash portion of his Board fee and priced using the 20 day average closing price before the grant. As of May 9, 2026, indirect holdings reported include 3,237,161 shares held by Technology Impact Fund, L.P. and 4,755,536 shares held by Capricorn-Libra Investment Group, LP, where Saluja is managing director and disclaims beneficial ownership beyond his pecuniary interest.
Navitas Semiconductor reported Q2 2026 revenue of $10.5 million, up 22% from Q1 2026 but below $14.5 million a year earlier, as it advances its “Navitas 2.0” shift away from mobile into high‑power markets such as AI data centers and grid and energy infrastructure. GAAP gross margin improved to 0.4%, while non‑GAAP gross margin rose to 39.5%. GAAP loss from operations was $27.2 million and GAAP net loss was $228.2 million, driven largely by a $203.1 million non‑cash remeasurement of earnout liabilities; on a non‑GAAP basis net loss was $9.3 million.
Cash and cash equivalents increased to $557.4 million as of June 30, 2026, compared with $236.9 million at year‑end 2025, lifting total assets to $832.4 million and stockholders’ equity to $801.4 million. Management highlighted strong backlog, a record book‑to‑bill ratio and growing AI‑infrastructure demand, and guided Q3 2026 revenue to $13.5 million ± $0.5 million with non‑GAAP gross margin around 39.7% and non‑GAAP operating expenses of $15.5–$17.5 million. Full‑year 2026 revenue is expected to grow at a mid‑single‑digit rate, with AI infrastructure anticipated to be about one‑third of Q4 sales.
Navitas Semiconductor Corp has a significant institutional shareholder group associated with Jane Street. Jane Street Group, LLC, together with its subsidiaries, reports beneficial ownership of 12,296,428 shares of Navitas Class A common stock, representing 5.3% of the outstanding class.
All of these shares are held with shared voting and shared dispositive power, with no sole authority reported. The position is held through Jane Street Capital, LLC, Jane Street Global Trading, LLC and Jane Street Singapore Pte. Limited, which are identified as the subsidiaries that acquired the securities.
Navitas Semiconductor Corporation reported the results of its 2026 annual meeting of stockholders. A total of 157,213,045 shares of Class A common stock were represented in person or by proxy out of 233,713,166 shares eligible to vote, establishing a quorum.
Stockholders elected three directors — Brian Long, David Moxam, and Dipender Saluja — to the board, with their terms now running until the 2029 annual meeting because Proposal 2 was not approved. The proposal to amend the certificate of incorporation to declassify the board and shorten director terms received 96,981,859 votes for, 1,661,077 against, and 324,299 abstentions, but did not achieve the required level of approval.
Stockholders approved the advisory resolution on executive compensation and ratified KPMG LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 156,408,738 votes for ratification and limited opposition.