Enovix director granted 29,104 RSUs in stock award
Enovix Corp director Gregory Reichow reported an equity grant of 29,104 restricted stock units (RSUs) with no cash exercise price.
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Rhea-AI Filing Summary
Enovix Corp director Gregory Reichow reported an equity grant of 29,104 restricted stock units (RSUs) with no cash exercise price. Each RSU represents one share of common stock, and this award brings his reported holdings, including RSUs, to 87,385 shares.
The RSUs vest in four equal installments of 25% on September 11, 2026, December 11, 2026, March 11, 2027, and the earlier of June 11, 2027 or the company’s 2027 annual stockholder meeting, subject to continued service. Under an agreement with Eclipse Ventures, LLC, the RSUs are held for Eclipse’s benefit, and Reichow disclaims beneficial ownership beyond any pecuniary interest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 29,104 | $0.00 | $0.00 |
Footnotes (3)
- F1. Reflects shares issuable on the settlement of restricted stock units ("RSUs") granted to the Reporting Person. Each RSU represents a contingent right to receive one share of the Issuer's common stock. 25% of the RSUs will vest on each of September 11, 2026, December 11, 2026, March 11, 2027 and the earlier of (i) June 11, 2027; or (ii) the date of the Issuer's 2027 annual meeting of stockholders (or the date immediately preceding such date if the Reporting Person's service as a director ends at such meeting due to the director's failure to be re-elected or not standing for re-election), subject to the Reporting Person's continuous service through each applicable vesting date.
- F2. Includes 29,104 shares issuable upon the settlement of RSUs granted to the Reporting Person.
- F3. Pursuant to the Eclipse GP III, LLC Agreement, the Reporting Person is deemed to hold the RSUs for the benefit of Eclipse Ventures, LLC ("Eclipse"), which is entitled to hold the shares upon settlement of the RSUs. Eclipse may be deemed the indirect beneficial owner of such shares, and the Reporting Person is a partner of and may be deemed to share voting and dispositive power over shares held by Eclipse. The Reporting Person disclaims beneficial ownership of such shares except to the extent of any pecuniary interest therein.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
beneficial owner financial
pecuniary interest financial
voting and dispositive power financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Enovix (ENVX) director Gregory Reichow report in this Form 4?
What is the vesting schedule for Gregory Reichow’s Enovix (ENVX) RSU grant?
Does Gregory Reichow personally pay for the Enovix (ENVX) RSUs granted?
Who is the beneficial owner of the Enovix (ENVX) RSUs associated with Gregory Reichow?
Are Gregory Reichow’s Enovix (ENVX) RSUs subject to any service condition?
AI-generated analysis. How Rhea-AI works. Not financial advice.