Enovix Corp (NASDAQ: ENVX) CAO reports 1,680-share RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enovix Corp Chief Accounting Officer Kristina Truong reported a Form 4 showing a tax-related share withholding. On July 8, 2026, 1,680 shares of common stock were disposed of at $5.13 per share to satisfy tax withholding obligations tied to vesting restricted stock units (RSUs), rather than an open-market sale. After this withholding, Truong directly holds 305,417 shares of Enovix common stock, which includes 201,898 shares issuable upon vesting and settlement of RSUs and vested performance RSUs scheduled for release through March 2027 and April 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Truong Kristina
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,680 | $5.13 | $9K |
Holdings After Transaction:
Common Stock — 305,417 shares (Direct)
Footnotes (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"). Includes 201,898 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as the following vested performance RSUs ("PRSUs"): (i) 2,489 PRSUs, which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 35,278 PRSUs, 50% of which will be released in April 2027, with the remainder to be released in April 2028 (the foregoing PRSUs collectively referred to as the "Earned PRSUs"). Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
Key Figures
Shares withheld for taxes: 1,680 shares
Withholding price per share: $5.13 per share
Shares held after transaction: 305,417 shares
+3 more
6 metrics
Shares withheld for taxes
1,680 shares
Common stock withheld on July 8, 2026 to satisfy tax withholding obligations for RSU vesting
Withholding price per share
$5.13 per share
Value used for the 1,680-share tax-withholding disposition of Enovix common stock
Shares held after transaction
305,417 shares
Total Enovix common stock directly held by Kristina Truong following the tax-withholding transaction
RSUs issuable
201,898 shares
Shares issuable upon the vesting and settlement of restricted stock units granted to the reporting person
Vested PRSUs releasing March 2027
2,489 PRSUs
Earned performance RSUs scheduled to be released to the reporting person in March 2027
Vested PRSUs releasing 2027–2028
35,278 PRSUs
Earned performance RSUs with 50% releasing in April 2027 and the remainder in April 2028
Key Terms
restricted stock units ("RSUs"), performance RSUs ("PRSUs"), tax withholding obligations
3 terms
restricted stock units ("RSUs") financial
"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 RSUs ("PRSUs") financial
"Includes 201,898 shares issuable upon the vesting and settlement of RSUs granted"
tax withholding obligations financial
"to satisfy tax withholding obligations in connection with the vesting of restricted stock units"
FAQ
What did Enovix (ENVX) insider Kristina Truong report on this Form 4?
Kristina Truong, Enovix’s Chief Accounting Officer, reported a tax-withholding disposition of 1,680 shares of common stock related to RSU vesting, rather than an open-market purchase or sale.
What future Enovix (ENVX) RSUs and PRSUs are included in Truong’s holdings?
Truong’s reported holdings include 201,898 shares issuable from RSUs and vested PRSUs of 2,489 shares releasing in March 2027 and 35,278 shares releasing in April 2027 and April 2028.
Was the Enovix (ENVX) Form 4 transaction an open-market sale by Kristina Truong?
No. The Form 4 specifies the transaction as a tax-withholding disposition related to RSU vesting, with shares withheld to cover taxes instead of being sold on the open market.
What does the transaction code F mean in this Enovix (ENVX) Form 4?
Transaction code F indicates a payment of tax liability by delivering securities. Here, 1,680 Enovix shares were withheld to satisfy tax obligations from RSU vesting.