Navitas Semiconductor (NASDAQ:NVTS) reported an insider transaction on February 26, 2026, involving its Senior Vice President, Chief Financial Officer and Treasurer, Todd Glickman. On that date Glickman sold 12,532 shares of the company's Class A common stock for total proceeds of approximately $123,064. The shares were sold at prices ranging from $9.76 to $9.82 per share.
In the same 24-hour period, Glickman also received 32,636 shares of Class A common stock at no cost via a separate transaction. After these movements, his direct ownership in Navitas stands at 833,383 shares.
Market performance context was included in the disclosure: Navitas stock has climbed 317% over the last year and advanced 15.6% in the prior week. The report cites InvestingPro analysis that characterizes the company as appearing overvalued at current price levels.
Corporate developments
Alongside the insider transaction, Navitas provided several operational updates. The company announced the departure of Todd Glickman from his role as Chief Financial Officer; he will remain on a transitional basis to assist with the handover to a new CFO.
Product and commercial updates accompanied the personnel news. Navitas unveiled a 10 kW DC-DC power platform aimed at next-generation AI data center applications. The company states the platform achieves up to 98.5% peak efficiency and operates at a 1 MHz switching frequency, positioning the unit as a high power-density option for AI infrastructure.
On the distribution front, Navitas expanded its global agreement with Avnet to broaden the reach of its gallium nitride (GaN) and silicon carbide (SiC) semiconductor products. Avnet will provide both technical and commercial support under the expanded arrangement.
Finally, Navitas entered into a long-term partnership with Cyient Semiconductors to develop GaN technology in India, with a stated focus on high-voltage applications across multiple sectors.
What this record shows
- The CFO executed a partial sale of Class A stock while also receiving additional shares at no cost on the same day.
- Following these transactions, the executive’s direct holdings total 833,383 shares.
- The company simultaneously disclosed a planned CFO transition and several product, distribution and partnership initiatives.
The disclosure combines insider trading details with contemporaneous corporate announcements and market-performance context. The filing does not provide further commentary on motivations for the equity transactions or on timing beyond the stated date.