Navitas Semiconductor’s amended annual report adds governance, compensation and ownership details without changing prior financial results. The board has ten members, eight deemed independent, and is divided into three staggered classes, a structure that can slow changes in control.
Chris Allexandre became president and chief executive officer in 2025 with a $520,000 base salary and significant equity incentives, including 800,000 time-based RSUs and future performance stock units tied to multi‑year revenue goals. Former CEO Gene Sheridan entered a transition agreement with $2.4 million in payments over 12 months in exchange for advisory support.
The filing describes a pay‑for‑performance philosophy, an executive severance plan, a Dodd‑Frank–compliant clawback policy and strict bans on hedging, short sales and speculative trading by insiders. It also outlines long‑term option incentives for co‑founders, equity plan usage, large holders such as Ranbir Singh and BlackRock, and the switch of auditor to KPMG, which earned $1.52 million in 2025 audit fees.
Fischer Gregory Michael reported acquisition or exercise transactions in this Form 4 filing.
Navitas Semiconductor Corp director Gregory Michael Fischer received an equity award of 4,839 shares of Class A Common Stock through a grant of restricted stock units. The RSUs are scheduled to vest in full on June 9, 2026, delivering one share of common stock for each vested unit.
All 4,839 shares reported in this filing are held directly following the award. Upon vesting, some shares may be sold or withheld to cover applicable withholding taxes under Navitas Semiconductor Corp’s equity incentive plan and related policies.
BlackRock, Inc. filed an amendment on its Schedule 13G/A reporting beneficial ownership of 15,364,841 shares of Navitas Semiconductor Corp common stock, representing 6.7% of the class as stated. The filing lists sole voting power for 15,070,739 shares and sole dispositive power for 15,364,841 shares. The cover date shows 03/31/2026 and the filing was signed on 04/24/2026. The filing states these holdings are reported on behalf of certain BlackRock business units and notes that various persons may have rights to dividends or sale proceeds.
Navitas Semiconductor investor and director Ranbir Singh filed Amendment No. 2 to his Schedule 13D, updating his ownership and governance stance. He now directly beneficially owns 18,645,603 shares of Class A common stock, or about 8.1% of Navitas’s outstanding shares.
The shares were transferred to him from SiCPower, LLC in a private transaction on July 28, 2025 for an aggregate purchase price of about $163.9 million. SiCPower no longer beneficially owns any Navitas shares and is no longer part of a Section 13(d) group with Singh.
Singh, who has served on the board since November 2024, outlined concerns in an email to the board chair about director tenure, share ownership alignment, relevant expertise, and past capital raises. He indicated he may nominate at least two director candidates at the upcoming annual meeting if the board does not engage with him on these issues.
Navitas Semiconductor Corp director files initial ownership report
Navitas Semiconductor Corp director Gregory Michael Fischer submitted a Form 3 as an initial statement of beneficial ownership. The filing does not list any equity transactions or holdings, indicating this is a baseline regulatory disclosure rather than a trading event.
Navitas Semiconductor Corporation expanded its Board of Directors from eight to ten members and appointed industry veteran Gregory M. Fischer as a Class III director, effective immediately, with his term running until the company’s 2027 annual meeting of stockholders.
Fischer joins the Board’s Compensation Committee and Executive Steering Committee and will receive standard non-employee director compensation, including pro-rated cash retainers and an initial grant of 22,048 restricted stock units that vest in full immediately prior to the next annual stockholders meeting, subject to continued service.
The company highlighted Fischer’s more than 40 years of semiconductor leadership experience, including senior roles at Broadcom and other major technology companies, as support for Navitas’ strategic focus on high-power GaN and SiC power semiconductors and its broader transformation initiatives.
Navitas Semiconductor Corp President and CEO Chris Allexandre reported compensation-related equity grants. He received stock options covering 545,267 shares of Class A common stock at an exercise price of $9.0000 per share, expiring on March 31, 2036.
One fourth of these options vest on the one-year anniversary of the vesting commencement date, with the remainder vesting in equal quarterly installments until fully vested. He also received 272,633 restricted stock units that vest in four equal installments on March 20, 2027, 2028, 2029, and 2030. Following the RSU grant, his direct Class A common stock holdings total 1,085,956 shares.
Navitas Semiconductor Corp disclosed that its Chief Financial Officer, Tonya Stevens, received new equity compensation awards. She was granted 559,912 restricted stock units that are scheduled to vest in four equal annual installments on March 20 of 2027, 2028, 2029 and 2030.
Stevens was also granted options to purchase 111,984 shares of Class A common stock at an exercise price of $7.83 per share. One fourth of these options vest on the one-year anniversary of the vesting commencement date, with the remainder vesting in equal quarterly installments until fully vested. These are compensation grants, not open‑market share purchases or sales.
Navitas Semiconductor Corp disclosed that Tonya Stevens, the company’s Chief Financial Officer, filed an initial statement of beneficial ownership on Form 3. The filing lists her as an officer and does not report any stock transactions or changes in holdings.
Navitas Semiconductor Corp amendment to a Schedule 13G/A states that The Vanguard Group has 0 shares beneficially owned and 0% of the class. The filing explains an internal realignment effective January 12, 2026 that led to disaggregated reporting by Vanguard entities.