Sec Form 4 Filing - Singh Ranbir @ Navitas Semiconductor Corp - 2023-03-14

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
Singh Ranbir
2. Issuer Name and Ticker or Trading Symbol
Navitas Semiconductor Corp [ NVTS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
EVP, GeneSic Business
(Last) (First) (Middle)
C/O NAVITAS SEMICONDUCTOR CORPORATION, 3520 CHALLENGER STREET
3. Date of Earliest Transaction (MM/DD/YY)
03/14/2023
(Street)
TORRANCE, CA90503-1640
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 03/14/2023 S( 1 ) 18,645,603 D $ 6.46 0 D
Class A Common Stock 18,645,603 I SiCPower, LLC ( 2 )
Class A Common Stock 6,237,558 I In trust ( 3 )
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
Singh Ranbir
C/O NAVITAS SEMICONDUCTOR CORPORATION
3520 CHALLENGER STREET
TORRANCE, CA90503-1640
X EVP, GeneSic Business
Signatures
/s/ Paul D. Delva, as Attorney-in-Fact 03/16/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )As part of an estate-planning transaction, the reporting person sold the reported securities to SiCPower, LLC, a Delaware limited liability company whose sole member is an irrevocable trust for which the reporting person acted as grantor. Approximately concurrently with the filing of this Form 4, the purchaser is filing a Form 3 as a new Section 16 filer, and to report its ownership of the reported securities.
( 2 )The reporting person is the sole manager of SiCPower, LLC and may be deemed to have indirect beneficial ownership of the reported securities held by SiCPower, LLC. The reporting person disclaims beneficial ownership of the reported securities, for purposes of Section 16 of the Exchange Act or otherwise.
( 3 )The reported securities are held in an irrevocable trust for which the reporting person acted as grantor. The reporting person disclaims beneficial ownership of the reported securities, for purposes of Section 16 of the Exchange Act or otherwise.

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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