Todd Glickman, CFO of Navitas Semiconductor Corporation (NVTS), recently sold 98,152 shares for approximately $1.06 million, as disclosed in a March 17, 2026 SEC Form 4 filing. This transaction, priced at $10.78 per share, is slightly larger than his recent median sale size of 87,310 shares but aligns with his previous open-market sales.

This sale represents 11.78% of Glickman’s direct holdings, leaving him with 735,231 shares, which constitutes about 0.32% of the company’s outstanding shares. Importantly, the sale is part of a routine process to meet tax obligations from vested compensatory awards, indicating no negative sentiment regarding the firm’s performance. Navitas has seen impressive stock returns, with a 270.6% total return over the past year, driven by its innovative GaN power semiconductor solutions and a strategic partnership with Nvidia to supply chips for AI data centers.

Investors should note that Glickman’s sale is not indicative of any underlying issues within the company, which continues to thrive in high-growth sectors, including renewable energy and electric vehicles.

StoxFeed tracks this as a market signal: AI and semiconductor stocks are driving tech sector gains

Source: fool.com