Item 5. Other Information
Item 5. Other Information .
Termination of 10b5-1 Trading Plans of Directors and Executive Officers
On September 9, 2024 , Gene Sheridan , President and Chief Executive Officer , terminated a trading plan adopted on March 13, 2024 which was intended to satisfy the affirmative defense conditions of Rule 10b5 ‑ 1(c) under the Securities Exchange Act of 1934.
Rule 10b5 ‑ 1 plans are generally in the form of prearranged written plans to buy or sell company stock at predetermined times or prices. Such plans are designed to provide an affirmative defense against insider trading liability, provided they satisfy the conditions of Rule 10b5 ‑ 1(c), including, but not limited to, a condition requiring directors and executive officers of public companies to observe a waiting period of at least 90 days, after the plan adoption date, before any trades can be executed under the plan.
The company does not undertake any obligation to report the establishment, modification or termination of any Rule 10b5 ‑ 1 trading plans by directors or executive officers, except to the extent required by law.
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Item 6. Exhibits .
EXHIBIT INDEX
Exhibit Description
10.1 Letter agreement with Ranbir Singh dated July 31, 2024 (incorporated by reference to Exhibit 10.1 of our quarterly report on Form 10-Q for the quarter ended June 30, 2024, filed with the SEC on August 5, 2024)
31.1* Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) of the Exchange Act
31.2* Certification of the Chief Financial Officer pursuant to Rule 13a-14(a) of the Exchange Act
32.1** Certification of the Chief Executive Officer and the Chief Financial Officer pursuant to Rule 13a-14(b) of the Exchange Act and 18 U.S.C. § 1350
101.SCH* XBRL Taxonomy Extension Schema Document
101.CAL* XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF* XBRL Taxonomy Extension Definition Linkbase Document
101.LAB* XBRL Taxonomy Extension Label Linkbase Document
101.PRE* XBRL Taxonomy Extension Presentation Linkbase Document
* Filed herewith
** Furnished herewith
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
NAVITAS SEMICONDUCTOR CORPORATION
By: /s/ Gene Sheridan
Gene Sheridan
President and Chief Executive Officer
(principal executive officer)
Date: November 5, 2024
NAVITAS SEMICONDUCTOR CORPORATION
By: /s/ Todd Glickman
Todd Glickman
Sr. V.P., Chief Financial Officer and Treasurer
(principal financial and accounting officer)
Date: November 5, 2024
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.