Sec Form 4 Filing - Glickman Todd @ Navitas Semiconductor Corp - 2022-03-11

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Glickman Todd
2. Issuer Name and Ticker or Trading Symbol
Navitas Semiconductor Corp [ NVTS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP, Interim CFO & Treasurer
(Last) (First) (Middle)
C/O NAVITAS SEMICONDUCTOR USA, INC., 2101 E. EL SEGUNDO BLVD., SUITE 205
3. Date of Earliest Transaction (MM/DD/YY)
03/11/2022
(Street)
EL SEGUNDO, CA90245
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 03/11/2022 D 66,829( 1 ) D $ 8.23( 2 ) 853,355( 3 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Glickman Todd
C/O NAVITAS SEMICONDUCTOR USA, INC.
2101 E. EL SEGUNDO BLVD., SUITE 205
EL SEGUNDO, CA90245
SVP, Interim CFO & Treasurer
Signatures
/s/ Paul D. Delva, Attorney-in-fact 03/14/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Reflects disposition to the issuer duly approved in accordance with Rule 16b-3(e) under the Securities Exchange Act of 1934 (17 CFR 240.16b-3(e)) and undertaken solely for the purpose of satisfying certain tax obligations of the reporting person, including tax obligations arising in connection with the reporting person's exercise of options to purchase shares of Navitas Semiconductor Limited ("Legacy Navitas") prior to Legacy Navitas entering into the business combination transaction with the issuer (then known as Live Oak Acquisition Corp. II), and as contemplated by that certain Lock-Up Agreement between the reporting person and the issuer dated as of May 6, 2021.
( 2 )The disposition was executed pursuant to an agreement entered into on March 4, 2022, which provided that (i) the execution date would be the 5th trading day after the transaction was duly authorized by the board of directors and (ii) the purchase price would be equal to the closing price of the reported securities on the Nasdaq Stock Market on the trading day immediately preceding the execution date. The transaction was duly authorized on March 6, 2022, hence the execution date was March 11, 2022 and the purchase price was equal to the closing price on March 10, 2022.
( 3 )Consists of (i) 705,611 shares and (ii) 147,744 restricted stock units which are partially vested and which will fully vest on September 15, 2024.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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