Hendrix Richard J's Form 4 filing
Navitas Semiconductor Corp (NVTS) · filed Oct 21, 2021
- Accession no.
- 0000899243-21-041136
- Filed
- Oct 21, 2021, 9:49 PM ET
- Trade date
- Oct 19, 2021
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 3 non-derivative transactions and 4 derivative transactions. Open-market purchases total $14.2M. It was filed 2 days after the trade.
This filing was later replaced by the amendment 0001628280-22-011735 (May 2, 2022). Trade tables on this site use the amended version.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Hendrix Richard JCIK 0001218306 | Director |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Oct 19, 2021 | Class B common stock | JOtherDisposed | −10,000 | –F1 | – | 6,315,000 | Indirect | |
| Oct 19, 2021 | Class A common stock | CConversionAcquired | +6,315,000 | –F3 | – | 6,315,000 | Indirect | |
| Oct 19, 2021 | Class A common stock | PPurchaseAcquired | +1,415,000 | $10.00 | +$14,150,000 | 1,415,000 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Oct 19, 2021 | Class A Common Stock | CConversionAcquired | +6,315,000 | –F1 | – | 6,315,000 | Indirect | |
| Oct 19, 2021 | Class A Common Stock | JOtherAcquired | +10,000 | $1.38 | +$13,800 | 10,000 | Indirect | |
| Oct 19, 2021 | Class A Common Stock | JOtherAcquired | +15,000 | $1.38 | +$20,700 | 15,000 | Indirect | |
| Oct 19, 2021 | Class A Common Stock | JOtherAcquired | +4,666,667 | $0.01 | +$46,666.67 | 4,666,667 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
In connection with the closing of the business combination (the "business combination") among Live Oak Acquisition Corp. II ("Live Oak II"), Live Oak Merger Sub Inc., a Delaware corporation and a wholly owned direct subsidiary of Live Oak II, and Navitas Semiconductor Limited, a private company limited by shares organized under the laws of Ireland that was domesticated in the State of Delaware as Navitas Delaware Semiconductor Ireland, LLC, a Delaware limited liability company on October 19, 2021, Live Oak Sponsor Partners II, LLC (the "Sponsor") forfeited 10,000 shares of Class B common stock (the "Forfeiture"). Immediately following the Forfeiture, the reporting person's remaining shares of Class B common stock automatically converted into shares of Live Oak II's Class A common stock on a one-for-one basis.
Referenced by the price of 1 transaction in Table I and 1 transaction in Table II.
- F3
In connection with the closing of the business combination, the reporting person's shares of Class B common stock automatically converted into shares of Live Oak II's Class A common stock on a one-for-one basis. Upon consummation of the business combination, Live Oak II changed its name to "Navitas Semiconductor Corporation."
Referenced by the price of 1 transaction in Table I.