ENVX Form 4: 637 shares withheld for taxes; PRSU releases in 2026–2027

Rhea-AI Filing Summary

Insider share withholding and holdings update at Enovix (ENVX). An officer, Kristina Truong, had 637 shares of common stock withheld on 10/05/2025 to satisfy tax withholding in connection with the vesting of restricted stock units (RSUs) at a withholding price of $11.92 per share. After that withholding, the reporting person beneficially owns 200,675 shares, which include 163,428 shares issuable upon vesting of RSUs and 4,978 vested performance RSUs (PRSUs). The PRSUs will be released in two tranches: 50% on 03/02/2026 and 50% on 03/01/2027. The form was signed by an attorney‑in‑fact on behalf of the reporting person.

Positive

• Compliance: Reporting person filed a Form 4 and disclosed the withholding transaction, showing regulatory compliance
• Transparency on vesting: PRSU release schedule is clearly stated as 03/02/2026 and 03/01/2027, giving investors clear timelines

Negative

• Share count increase potential: 163,428 RSU shares and 4,978 PRSU shares remain issuable, which will increase outstanding shares when settled
• Immediate dilution from withholding: 637 shares were disposed of to satisfy taxes at $11.92, reducing the reporting person's net holdings

Insights

Compensation & Equity Analyst

TL;DR: Tax withholding sale of RSU shares reduced net shares by 637; substantial unvested RSU/PRSUs remain.

The transaction reflects standard tax withholding where 637 shares were surrendered at $11.92 to cover taxes on vested RSUs on 10/05/2025. Such withholdings are routine and do not indicate active voluntary share selling for liquidity beyond tax obligations.

The reporting person still beneficially owns 200,675 shares, including 163,428 RSU-linked shares and 4,978 PRSU shares with scheduled releases on 03/02/2026 and 03/01/2027. Monitor those release dates for potential increases in share supply.

Corporate Governance Specialist

TL;DR: Filing shows compliance with Section 16 reporting and clarifies timing of performance share releases.

The Form 4 records an administrative disposition coded as F for tax withholding and documents the composition of beneficial ownership. The explicit split of PRSU releases provides clear vesting schedule information useful for governance transparency.

Investors and observers can note the two concrete release dates (03/02/2026 and 03/01/2027) as near‑term events that will convert contingent rights into deliverable shares.

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

OMB APPROVAL

OMB Number:			3235-0287
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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^*

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)
10/05/2025

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	10/05/2025		F		637(1)	D	$11.92	200,675(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 October 5, 2025. Each RSU represents a contingent right to receive one share of the Issuer's common stock.

2. Includes 163,428 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person and 4,978 shares of vested performance RSUs ("PRSUs"), of which 50% will be released in 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.

Remarks:

	/s/ Arthi Chakravarthy, Attorney-in-Fact for Kristina Truong	10/06/2025
	** 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 did Enovix insider Kristina Truong report on Form 4 (ENVX)?

She reported the withholding of 637 shares to satisfy tax obligations related to RSU vesting on 10/05/2025 at a withholding price of $11.92.

How many Enovix (ENVX) shares does the reporting person beneficially own after the transaction?

The reporting person beneficially owns 200,675 shares following the transaction.

How many RSU and PRSU shares are included in the reported Enovix holdings?

The total includes 163,428 shares issuable upon RSU vesting and 4,978 vested PRSUs, of which 50% are scheduled for release on 03/02/2026 and 50% on 03/01/2027.

What does transaction code 'F' mean on the Form 4 for ENVX?

Code F indicates a disposition by the reporting person to satisfy tax withholding obligations in connection with equity vesting; in this case, 637 shares were withheld.

Will the PRSU releases affect Enovix's share count soon?

Yes. The PRSUs convert into shares in two tranches on 03/02/2026 and 03/01/2027, which will increase the number of outstanding shares when settled.