Enovix (ENVX) director receives 29,104 RSUs held for Eclipse Ventures
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Reichow Gregory
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 29,104 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 87,385 shares (Direct, null)
Footnotes (1)
- 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. Includes 29,104 shares issuable upon the settlement of RSUs granted to the Reporting Person. 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
RSU grant size: 29,104 RSUs
Grant price: $0.00 per share
Post-transaction holdings: 87,385 shares
+4 more
7 metrics
RSU grant size
29,104 RSUs
Restricted stock units granted to reporting person
Grant price
$0.00 per share
Reported transaction price for RSU award
Post-transaction holdings
87,385 shares
Shares reported following RSU grant, including issuable RSUs
First vesting date
September 11, 2026
25% of RSUs vest
Second vesting date
December 11, 2026
Additional 25% of RSUs vest
Third vesting date
March 11, 2027
Additional 25% of RSUs vest
Final vesting date
June 11, 2027 or 2027 meeting
Remaining 25% of RSUs vest, subject to conditions
Key Terms
restricted stock units ("RSUs"), beneficial owner, pecuniary interest, voting and dispositive power
4 terms
restricted stock units ("RSUs") financial
"Reflects shares issuable on the settlement of restricted stock units ("RSUs") granted to the Reporting Person."
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.
beneficial owner financial
"Eclipse may be deemed the indirect beneficial owner of such shares, and the Reporting Person disclaims beneficial ownership of such shares..."
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership of such shares except to the extent of any pecuniary interest therein."
voting and dispositive power financial
"the Reporting Person is a partner of and may be deemed to share voting and dispositive power over shares held by Eclipse."
FAQ
What did Enovix (ENVX) director Gregory Reichow report in this Form 4?
Gregory Reichow reported receiving 29,104 restricted stock units (RSUs) of Enovix common stock as an equity award. The grant carries a zero dollar price per share and is structured as stock-based compensation rather than a cash purchase in the open market.
What is the vesting schedule for Gregory Reichow’s Enovix (ENVX) RSU grant?
The 29,104 Enovix RSUs vest in four equal 25% installments. Vesting dates are September 11, 2026, December 11, 2026, March 11, 2027, and the earlier of June 11, 2027 or the 2027 annual stockholder meeting, contingent on continued service.
Does Gregory Reichow personally pay for the Enovix (ENVX) RSUs granted?
No, the Enovix RSUs were granted at a reported price of $0.00 per unit. This indicates a compensation award rather than a purchase, giving Reichow a contingent right to receive common shares upon future vesting and settlement of the RSUs.
Who is the beneficial owner of the Enovix (ENVX) RSUs associated with Gregory Reichow?
The RSUs are deemed held for the benefit of Eclipse Ventures, LLC under the Eclipse GP III, LLC Agreement. Eclipse may be considered the indirect beneficial owner, while Reichow disclaims beneficial ownership except for any pecuniary interest in those shares.
Are Gregory Reichow’s Enovix (ENVX) RSUs subject to any service condition?
Yes, vesting of the Enovix RSUs requires continuous service through each vesting date. If his service as a director ends at the 2027 annual meeting under specified conditions, the final installment vests on the date immediately preceding that meeting instead of June 11, 2027.