Enovix (ENVX) CAO reports 241-share tax withholding on RSU vesting

Rhea-AI Filing Summary

Enovix Corp Chief Accounting Officer Kristina Truong reported a routine tax-withholding share disposition related to equity compensation. On March 10, 2026, 241 shares of common stock were withheld at $4.94 per share to satisfy tax obligations from vesting restricted stock units (RSUs). This was not an open-market sale. After the withholding, Truong directly holds 225,326 shares of common stock, which includes 136,759 shares issuable upon RSU vesting and settlement and performance RSUs scheduled for release between March 2027 and April 2028.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Truong Kristina

(Last) (First) (Middle)

3501 W WARREN AVENUE

(Street)

FREMONT CA 94538

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Enovix Corp [ ENVX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/10/2026		F		241(1)	D	$4.94	225,326(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock units ("RSUs").

2. Includes 136,759 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as: (i) 2,489 vested performance restricted stock units ("PRSUs"), which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 35,278 PRSUs, 50% of which will be released in April 2027, with the remainder to be released in April 2028. Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.

Remarks:

	/s/ Arthi Chakravarthy, Attorney-in-Fact for Kristina Truong	03/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Enovix (ENVX) disclose for Kristina Truong?

Enovix disclosed a tax-related share disposition by Chief Accounting Officer Kristina Truong. On March 10, 2026, 241 common shares were withheld to cover tax obligations arising from the vesting of restricted stock units, rather than being sold in the open market.

How many Enovix (ENVX) shares were involved in Kristina Truong’s Form 4?

The Form 4 shows 241 shares of Enovix common stock were withheld at $4.94 per share. These shares were used to satisfy tax withholding obligations tied to vesting RSUs, making it a non-market, compensation-related transaction instead of a discretionary sale.

Was the Enovix (ENVX) Form 4 transaction by Kristina Truong a stock sale?

No, it was not an open-market stock sale. The 241 shares reported were withheld by Enovix to pay tax obligations from vesting restricted stock units, a standard administrative process for equity compensation rather than a voluntary sale for investment reasons.

How many Enovix (ENVX) shares does Kristina Truong hold after this transaction?

Following the tax-withholding disposition, Kristina Truong directly holds 225,326 Enovix common shares. This total includes 136,759 shares issuable upon future RSU vesting, plus performance RSUs scheduled for release between March 2027 and April 2028, subject to settlement conditions.

What future RSU and PRSU releases are disclosed for Enovix (ENVX) officer Kristina Truong?

The filing notes 136,759 shares issuable upon RSU vesting, 2,489 vested PRSUs to be released in March 2027, and 35,278 additional PRSUs, with half scheduled for April 2027 release and the remaining half in April 2028, each representing one share upon settlement.

Does Kristina Truong’s Enovix (ENVX) Form 4 indicate any derivative exercises?

No derivative exercises are reported in this Form 4. The transaction summary shows one tax-withholding event for 241 shares and zero derivative transactions, meaning no options or similar instruments were exercised in the disclosed activity.