Navitas Semiconductor Corp SEC Filings

Navitas Semiconductor Corporation appointed Tonya Stevens as Chief Financial Officer and Treasurer, effective March 30, 2026, succeeding Todd Glickman after a planned transition. Stevens brings over 30 years of global finance and accounting experience, most recently as Chief Accounting Officer and Interim CFO at Lattice Semiconductor.

Under her offer letter, Stevens will receive an annual base salary of $425,000 and is eligible for an annual bonus targeted at 65% of base salary, with a 2026 bonus formula tied to actual pay and performance. She will also receive a one-time $4,500,000 time-based RSU recruitment award vesting over four years, plus annual long-term equity awards expected to total about $1,000,000 in 2026 and $1,500,000 from 2027, split between RSUs and stock options with multi‑year vesting.

Navitas Semiconductor Corp director and President & CEO Chris Allexandre received a grant of 22,559 shares of Class A Common Stock on March 3, 2026 at no cost, bringing his direct holdings to 822,559 shares before subsequent trades.

On the same date, he sold 9,236 Class A shares in an open‑market transaction at a weighted average price of $8.93 per share, leaving 813,323 shares owned directly afterward. According to the disclosure, these sales were executed under the company’s “sales to cover” policy to satisfy tax withholding from the vesting of compensatory awards, and he does not control the timing or number of shares sold.

Navitas Semiconductor Corp director-linked entity sells shares

An entity associated with Navitas Semiconductor Corp director Ranbir Singh, SiCPower, LLC, sold 389,096 shares of Class A common stock in an open-market transaction at a weighted average price of $9.5199 per share. After this sale, the filing shows zero shares held indirectly.

The shares were sold in multiple trades at prices ranging from $9.5000 to $9.5900. Singh is the sole manager of SiCPower, LLC and may be deemed to have indirect beneficial ownership of these securities but expressly disclaims beneficial ownership for Section 16 purposes.

Navitas Semiconductor Corp senior vice president, CFO and treasurer Todd Glickman reported one stock grant and one sale of Class A common shares. He received a grant or award of 32,636 shares at no cost. On the same date, he sold 12,532 shares at a weighted average price of $9.82, in trades executed between $9.76 and $9.82 per share. According to the company’s policy, these sales were “sales to cover” only the minimum shares needed to satisfy tax withholding from the vesting of a compensatory award under a Rule 10b5-1(c) plan, and he does not control the timing or number of shares sold. After these transactions, he directly held 833,383 shares of Navitas Class A common stock.

Navitas Semiconductor designs GaN and high‑voltage SiC power chips for high‑power uses such as AI data centers, energy and grid infrastructure, performance computing and industrial electrification. The company operates a fabless model, outsourcing wafer fabrication, assembly and test while focusing on design, IP and applications support.

Under its late‑2025 “Navitas 2.0” pivot, it is de‑emphasizing mobile and consumer markets to target higher‑margin, structurally growing high‑power segments. Navitas reports shipment of over 300 million GaN devices and nearly 30 million SiC devices as of December 31, 2025 and holds a portfolio of more than 300 issued or pending patents, supported by a broad cross‑license with Infineon.

The filing highlights key risks: dependence on a few major distributors and Asian supply‑chain partners, TSMC’s planned exit from GaN production in 2027 and the need to ramp alternative GaN capacity with Powerchip and GlobalFoundries, long design cycles, exposure to geopolitical and trade restrictions, and potential scrutiny of GaN/SiC as “critical technologies” by CFIUS and other foreign‑investment regulators.

Navitas Semiconductor Corporation reported a leadership change in its finance organization. The company and Todd Glickman mutually agreed that he will depart from his role as Senior Vice President, Chief Financial Officer and Treasurer to pursue new opportunities.

Navitas stated that Mr. Glickman will remain with the company for a period of time to provide support and assistance during the search for, and transition to, a new Chief Financial Officer and Treasurer. This arrangement is intended to help maintain continuity in the company’s financial operations while a successor is identified and onboarded.

Navitas Semiconductor Corporation reported weak fourth quarter and full-year 2025 results while accelerating its strategic pivot to high‑power GaN and high‑voltage SiC markets such as AI data centers, grid and energy infrastructure, performance computing and industrial electrification.

Fourth quarter 2025 revenue was $7.3 million, down from $10.1 million in the prior quarter and $18.0 million a year earlier. GAAP loss from operations was $41.4 million, including a $16.6 million restructuring and impairment charge, while non‑GAAP loss from operations was $12.1 million. Full‑year 2025 revenue was $45.9 million versus $83.3 million in 2024, with a GAAP net loss of $117.0 million and non‑GAAP net loss of $41.6 million.

Cash and cash equivalents increased to $236.9 million as of December 31, 2025, from $86.7 million a year earlier, helped by a November 2025 private placement of common stock that generated $95.6 million in net proceeds. High‑power markets represented the majority of quarterly revenue for the first time, with mobile falling below 25%.

For first quarter 2026, Navitas expects net revenue between $8.0 million and $8.5 million, non‑GAAP gross margin of about 38.7%, and non‑GAAP operating expenses of approximately $15 million, implying modest sequential growth but continued operating losses as it executes its “Navitas 2.0” strategy.

The Vanguard Group filed an amended Schedule 13G reporting its ownership in Navitas Semiconductor Corp common stock. As of 12/31/2025, Vanguard reported beneficial ownership of 14,691,351 shares, representing 6.37% of Navitas’s common stock.

Vanguard reported no sole voting or dispositive power, with 1,509,339 shares subject to shared voting power and all 14,691,351 shares subject to shared dispositive power. The filing states the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of Navitas. Vanguard also notes an internal realignment on January 12, 2026, after which certain subsidiaries are expected to report beneficial ownership separately.

Navitas Semiconductor Corporation is registering up to 14,814,813 Class A common shares for potential resale by existing investors. These shares, called PIPE Shares, were previously issued in a private placement on November 7, 2025 at a purchase price of $6.75 per share under a Securities Purchase Agreement with accredited investors.

This registration simply allows the selling stockholders to resell their shares over time; they will receive all sale proceeds, while Navitas only covers offering expenses. As of November 14, 2025, Navitas had 230,496,182 shares of common stock outstanding. Navitas designs and markets next-generation gallium nitride and silicon carbide power semiconductors used in AI data centers, high-performance computing, energy and grid infrastructure, and industrial electrification, operating a fabless, asset-light business model as a smaller reporting company listed on Nasdaq under the symbol NVTS.

Navitas Semiconductor Corp reported that one of its directors sold 179,354 shares of Class A common stock on 12/12/2025. The shares were sold in multiple trades at prices ranging from $8.600 to $8.800, with a weighted average sale price of $8.6802 per share.

Following this transaction, 389,096 shares of Class A common stock were reported as beneficially owned indirectly through SiCPower, LLC. The director is the sole manager of SiCPower, LLC and may be deemed to have indirect beneficial ownership of these shares but disclaims beneficial ownership for purposes of Section 16 of the Exchange Act.