ENVX Form 4: Enovix CEO discloses RSU bonus and tax shares

Rhea-AI Filing Summary

Enovix Corporation (ENVX) reported insider equity activity by its President and CEO, who is also a director. On November 21, 2025, the executive received 9,427 shares of common stock at $0, issued upon the vesting of restricted stock units (RSUs) that represent bonus awards for the quarter ended September 28, 2025. On the same date, 4,983 shares were withheld at a price of $7.47 to cover tax obligations tied to this RSU vesting.

Following these transactions, the executive beneficially owned 2,298,829 shares of Enovix common stock on a direct basis. This total includes 1,674,293 shares underlying RSUs and 95,551 vested performance RSUs (PRSUs), with half of the PRSUs scheduled for release on March 2, 2026 and the remainder on March 1, 2027. Each RSU or PRSU represents the right to receive one share of common stock.

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^*

Talluri Rajendra K

(Last) (First) (Middle)

C/O ENOVIX CORPORATION

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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
11/21/2025

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	11/21/2025		A		9,427(1)	A	$0	2,303,812(2)	D
Common Stock	11/21/2025		F		4,983(3)	D	$7.47	2,298,829(4)	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 shares of the Issuer's common stock issued to the Reporting Person upon the receipt of fully vested awards of restricted stock units ("RSUs") on November 21, 2025. These RSUs represent the Reporting Person's award bonuses earned for the quarter ended September 28, 2025. Each RSU represents a contingent right to receive one share of Issuer's common stock.

2. Includes 1,683,720 shares issuable upon the settlement of Restricted Stock Units ("RSUs") granted to the Reporting Person and 95,551 vested performance RSUs ("PRSUs"), of which 50% will be released on March 2, 2026 and the remaining 50% will be released on March 1, 2027. Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.

3. Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the receipt of a fully vested award of RSUs on November 21, 2025.

4. Includes 1,674,293 shares issuable upon the settlement of RSUs granted to the Reporting Person and 95,551 vested PRSUs.

Remarks:

	/s/ Arthi Chakravarthy, Attorney-in-Fact for Raj Talluri	11/25/2025
	** 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).
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FAQ

What insider transaction did Enovix (ENVX) report for its CEO on November 21, 2025?

Enovix reported that its President and CEO, who is also a director, received 9,427 shares of common stock at $0 upon the vesting of restricted stock units (RSUs) on November 21, 2025, and had 4,983 shares withheld at $7.47 to satisfy tax obligations.

How many Enovix (ENVX) shares does the CEO beneficially own after the reported Form 4 transactions?

After the reported transactions, the executive beneficially owned 2,298,829 shares of Enovix common stock on a direct basis, including shares underlying RSUs and vested performance RSUs.

What equity awards are included in the Enovix (ENVX) CEO’s reported holdings?

The reported holdings include 1,674,293 shares issuable upon settlement of RSUs and 95,551 vested performance RSUs (PRSUs), each representing the right to receive one share of Enovix common stock upon settlement.

When will the Enovix (ENVX) CEO’s vested PRSUs be released?

The 95,551 vested PRSUs are scheduled so that 50% will be released on March 2, 2026 and the remaining 50% will be released on March 1, 2027.

What was the purpose of the RSU award to the Enovix (ENVX) CEO reported in this Form 4?

The RSUs that vested into 9,427 shares of common stock represented the executive’s award bonuses earned for the quarter ended September 28, 2025, with each RSU delivering one share upon settlement.

Why did Enovix (ENVX) withhold 4,983 shares from the CEO on November 21, 2025?

The 4,983 shares of common stock were withheld to satisfy tax withholding obligations arising from the receipt of a fully vested RSU award on November 21, 2025.