Sheridan Family Trust to Sell Shares in Navitas Semiconductor Corporation

The SEC filing details the planned sale of 250,000 common shares of Navitas Semiconductor Corporation by the Sheridan Family Trust. The shares were acquired from the issuer in a public offering on October 19, 2021, and are set to be sold on October 16, 2025. The aggregate market value of the shares is approximately $3,907,500. The filing also notes that the Sheridan Family Trust has sold a total of 626,000 common shares in the past three months, generating gross proceeds of $6,197,663. The sales were conducted through Goldman Sachs & Co. LLC, which is acting on behalf of Eugene Sheridan, an officer of the company. The filing is categorized as a Form 144, which is used to report the sale of restricted or control securities.