ENVX Insider Report: Kristina Truong RSU Withholding Reduces Shares

Rhea-AI Filing Summary

Kristina Truong, Chief Accounting Officer of Enovix Corp (ENVX), reported a tax-withholding disposition related to RSU vesting on 09/13/2025. The filing shows 1,013 shares of common stock were withheld at a price of $8.14 to satisfy tax obligations arising from RSUs that vested that day. After the withholding, the Reporting Person beneficially owned 203,533 shares, which includes 168,833 shares issuable upon settlement of outstanding RSUs. The form was signed by an attorney-in-fact on 09/16/2025. The disclosure is a routine Section 16 report documenting share withholding for taxes upon RSU settlement.

Positive

• Transparent compliance: The filing discloses the RSU withholding and remaining beneficial ownership, meeting Section 16 requirements.
• Substantial remaining stake: Reporting Person retains 203,533 shares, including 168,833 RSU-related shares, showing continued equity exposure to the company.

Negative

• Share reduction: 1,013 shares were disposed (withheld) to satisfy tax obligations.
• Potential future dilution: Large number of RSUs (168,833) remain issuable, which could increase outstanding shares upon settlement.

Insights

Financial Analyst

TL;DR: Routine insider tax-withholding after RSU vesting; small share disposition, large remaining RSU exposure.

The Form 4 documents a non-derivative disposition under code F, which reflects shares withheld to satisfy tax withholding obligations when restricted stock units vested. The number withheld (1,013) and the per-share price ($8.14) indicate a modest cash-equivalent tax settlement relative to total beneficial ownership. The Reporting Person still holds 203,533 shares beneficially, including 168,833 RSU-settled shares, meaning future settlements could further change outstanding share count. This filing is routine and does not by itself indicate a change in corporate outlook or insider sentiment.

Corporate Governance Expert

TL;DR: Compliance filing documenting RSU withholding; timely and procedurally standard.

The disclosure was signed by an attorney-in-fact and reports the withholding of shares in connection with RSU vesting, consistent with standard insider compensation settlement practices. The form identifies the Reporting Person as an officer (Chief Accounting Officer) and reports remaining beneficial ownership, including outstanding RSUs. From a governance perspective, the report demonstrates adherence to Section 16 reporting requirements and provides transparency on executive equity holdings. The transaction is administrative in nature and not a compensatory change to plan terms.

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).

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)
09/13/2025

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	09/13/2025		F		1,013(1)	D	$8.14	203,533(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") on September 13, 2025. Each RSU represents a contingent right to receive one share of the Issuer's common stock.

2. Includes 168,833 shares issuable upon the settlement of RSUs granted to the Reporting Person.

Remarks:

	/s/ Arthi Chakravarthy, Attorney-in-Fact for Kristina Truong	09/16/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Kristina Truong report on Form 4 for ENVX?

The Form 4 reports a tax-withholding disposition related to RSU vesting on 09/13/2025, coded F.

How many shares were withheld and at what price?

1,013 shares were withheld at a price of $8.14 per share to satisfy tax withholding.

How many shares does Kristina Truong beneficially own after the transaction?

After the transaction she beneficially owns 203,533 shares, which includes 168,833 shares issuable upon settlement of RSUs.

What is the significance of transaction code F on Form 4?

Code F indicates shares were withheld to satisfy tax withholding obligations in connection with equity vesting.

When was the Form 4 signed and filed?

The signature on the filing is dated 09/16/2025, reflecting the reporting of the 09/13/2025 transaction.