Navitas Semiconductor Corp reported that its Sr. V.P., CFO & Treasurer Todd Glickman sold 98,152 shares of Class A Common Stock at $10.78 per share. These sales were made under a company policy requiring “sales to cover” the minimum shares needed to satisfy tax withholding from the vesting of a compensatory award, including restricted stock units, and were structured to meet Rule 10b5-1(c) requirements. According to the disclosure, Glickman does not control the timing or number of shares sold under this policy. After the transaction, he directly holds 735,231 shares, indicating he retains a substantial equity stake.
Morgan Stanley Smith Barney LLC submitted a Form 144 reporting a proposed sale of 80,000 restricted shares of Common Stock with a proposed sale date of 09/20/2025. The filing also lists prior sales by Todd Glickman: 98,152 shares sold on 03/16/2026 for $1,058,078.56 and 12,532 shares sold on 02/26/2026 for $123,063.46.
Navitas Semiconductor Corporation reported a compensation decision related to its previously announced chief financial officer transition. Former CFO and Treasurer Todd Glickman, who agreed to remain as a consultant through March 30, 2026 to support the handover to incoming CFO and Treasurer Tonya Stevens, will receive accelerated vesting of 211,528 previously granted but unvested restricted stock units. These units had been scheduled to vest on September 20, 2026, but the company approved vesting as of March 13, 2026 in recognition of his service through the transition date.
NVTS reports a Form 144 notice to sell restricted Class A Common Stock. The filing lists proposed sales tied to RSU vesting of 8,000,000 shares on 09/03/2025 and 22,559 shares on 03/03/2026230,792,765 as of 03/17/2026.
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.