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  4. [Form 4] Enovix Corp Insider Trading Activity

Enovix (ENVX) CLO withholds 936 shares for taxes, retains 583,535-share stake

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Enovix Corp Chief Legal Officer Arthi Chakravarthy reported a withholding of 936 shares of common stock on 2026-08-08 at $4.70 per share to satisfy tax withholding obligations arising from the vesting of restricted stock units. After this tax-related disposition, Chakravarthy directly holds 583,535 shares of Enovix common stock. This balance includes 351,589 shares issuable upon vesting and settlement of RSUs, 10,393 vested PRSUs scheduled for release in March 2027, and 58,500 additional PRSUs scheduled to be released in April 2027 and April 2028.

Positive

  • None.

Negative

  • None.
Insider Chakravarthy Arthi
Role Chief Legal Officer
Type Security Shares Price Value
Tax Withholding Common Stock F1, F2 936 $4.70 $4K
Holdings After Transaction: Common Stock — 583,535 shares (Direct)
Footnotes (2)
  1. F1. 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. F2. Includes 351,589 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as: (i) 10,393 vested performance restricted stock units ("PRSUs"), which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 58,500 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.
Shares withheld for taxes 936 shares Common stock withheld on 2026-08-08 to satisfy tax withholding obligations on RSU vesting
Withholding price $4.70 per share Price applied to the 936 shares withheld for tax obligations
Shares held after transaction 583,535 shares Total Enovix common shares directly held by Chakravarthy following the transaction
RSUs outstanding 351,589 shares Shares issuable upon vesting and settlement of RSUs granted to the reporting person
Vested PRSUs 10,393 units Vested PRSUs to be released in March 2027, each convertible into one share
Additional PRSUs 58,500 units PRSUs with 50% scheduled for release in April 2027 and the remainder in April 2028
restricted stock units ("RSUs") financial
"Reflects the withholding of shares ... in connection with the vesting of restricted stock units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
performance restricted stock units ("PRSUs") financial
"Includes 351,589 shares issuable ... and (ii) an aggregate of 58,500 PRSUs..."
tax withholding obligations financial
"withholding of shares ... to satisfy tax withholding obligations in connection with the vesting of RSUs."
vesting and settlement financial
"Includes 351,589 shares issuable upon the vesting and settlement of RSUs granted..."

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

Was the Enovix (ENVX) Form 4 transaction a market sale or tax withholding?
The Form 4 transaction was tax withholding, not an open-market sale. 936 shares were withheld to satisfy tax obligations triggered by RSU vesting, as described in the filing footnotes.

How many Enovix (ENVX) shares does Arthi Chakravarthy hold after the reported transaction?
Following the transaction, Arthi Chakravarthy directly holds 583,535 Enovix common shares. This figure includes current holdings plus shares issuable from RSUs and PRSUs as detailed in the footnotes.

What future-share rights from RSUs and PRSUs does the Enovix (ENVX) CLO have?
Holdings include 351,589 shares issuable from RSUs, 10,393 vested PRSUs to be released in March 2027, and 58,500 PRSUs scheduled for release in April 2027 and April 2028, each convertible into one share upon settlement.

Does the Enovix (ENVX) Form 4 indicate any Rule 10b5-1 trading plan use?
The filing’s Rule 10b5-1 checkbox is not marked as using a plan. The transaction is specifically described as tax withholding tied to RSU vesting, rather than trading under a pre-arranged plan.
SEC Form 4
FORM 4UNITED 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
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
Chakravarthy Arthi
(Last)(First)(Middle)
C/O ENOVIX CORPORATION
3501 W. WARREN AVENUE
(Street)
FREMONT CALIFORNIA 94538
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Enovix Corp [ ENVX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Legal Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/08/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock08/08/2026F936(1)D$4.7583,535(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 351,589 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as: (i) 10,393 vested performance restricted stock units ("PRSUs"), which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 58,500 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 Chakravarthy08/11/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR