Todd Glickman, who serves as Senior Vice President, Chief Financial Officer and Treasurer at Navitas Semiconductor Corp (NASDAQ: NVTS), disposed of 98,152 shares of the company's Class A common stock on March 17, 2026. The shares were sold at $10.78 each, producing total gross proceeds of approximately $1.06 million. The company reports that the sale was executed to cover tax withholding obligations associated with the vesting of a compensatory award.
After completing the transaction, Glickman retained a direct stake of 735,231 shares in Navitas Semiconductor. The filing notes the sale was linked to tax liabilities created by award vesting rather than as a standalone investment decision.
Separately, an analysis referenced in recent coverage indicates the stock is currently trading above its assessed Fair Value and has been placed on a Most Overvalued list. The same analysis mentioned availability of additional research tips and a more detailed report for subscribers seeking deeper context.
The insider sale coincides with a number of corporate developments at Navitas. The company accelerated the vesting of 211,528 restricted stock units for Glickman, who is identified in filings as the former Chief Financial Officer and will remain engaged as a consultant through March 30, 2026, to support the handover to the incoming finance chief. Tonya Stevens is slated to assume the CFO role on March 30, 2026, and is described as having more than 30 years of experience in finance and accounting.
Navitas also disclosed recent product introductions aimed at AI data center and energy infrastructure markets. The company unveiled a DC-DC power delivery board engineered for AI data center environments that reaches a peak efficiency of 96.5% at full load and is compatible with 800VDC data center architectures used with NVIDIA’s 800VDC infrastructure. In addition, Navitas launched two new silicon carbide MOSFET packages intended for high-power-density applications in AI data centers and energy infrastructure.
According to filings and company statements, the product news was followed by a rise in the company’s share price. The company’s filings and related disclosures provide the basis for the transaction and the operational updates described here.
Summary of transaction and corporate updates
- Insider sale: 98,152 shares sold at $10.78 on March 17, 2026; proceeds about $1.06 million.
- Post-sale direct ownership: 735,231 shares held by Glickman.
- Reason for sale: to satisfy tax withholding obligations tied to vesting of a compensatory award.
- Leadership transition: Glickman will act as consultant through March 30, 2026; Tonya Stevens to assume CFO role on March 30, 2026, with over 30 years of finance and accounting experience.
- Product updates: new DC-DC power delivery board (96.5% peak efficiency at full load) compatible with 800VDC data center architecture; two silicon carbide MOSFET packages for high-power-density AI data center and energy infrastructure applications.