SEC FORM 4 SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
 
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Glickman Todd

(Last) (First) (Middle)
C/O NAVITAS SEMICONDUCTOR USA, INC.
2101 E. EL SEGUNDO BLVD., SUITE 205

(Street)
EL SEGUNDO CA 90245

(City) (State) (Zip)
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
3. Date of Earliest Transaction (Month/Day/Year)
03/11/2022
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
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.
Remarks:
/s/ Paul D. Delva, Attorney-in-fact 03/14/2022
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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