Enovix (NASDAQ: ENVX) CEO logs tax-withholding share disposition

Rhea-AI Filing Summary

Enovix President and CEO Rajendra K. Talluri reported a tax-related share disposition on common stock. On March 2, 2026, 24,175 shares were withheld at $5.45 per share to satisfy tax obligations tied to vested performance RSUs. After this, he held 2,178,612 shares, including 1,446,958 issuable from RSUs and 47,775 vested PRSUs scheduled for release on March 2, 2027.

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)
03/02/2026

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	03/02/2026		F		24,175(1)	D	$5.45	2,178,612(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 delivery of vested performance restricted stock units ("PRSUs").

2. Includes 1,446,958 shares issuable upon the vesting and settlement of restricted stock units ("RSUs") granted to the Reporting Person and 47,775 vested PRSUs, which will be released on March 2, 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 Raj Talluri	03/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Enovix (ENVX) CEO Rajendra K. Talluri report on this Form 4?

Enovix CEO Rajendra K. Talluri reported a tax-withholding disposition of common stock. On March 2, 2026, 24,175 shares were withheld to cover tax obligations triggered by the delivery of vested performance restricted stock units, rather than an open-market sale of shares.

How many Enovix (ENVX) shares were disposed of and at what price on the reported Form 4?

The Form 4 shows 24,175 shares of Enovix common stock were disposed of. The shares were withheld at a reference price of $5.45 per share to satisfy tax withholding obligations associated with vested performance restricted stock units delivered to the CEO.

What does transaction code F mean in the Enovix (ENVX) CEO’s Form 4 filing?

Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, Enovix’s CEO had 24,175 shares withheld to satisfy tax withholding obligations related to vested performance restricted stock units, not a discretionary sale in the open market.

How many Enovix (ENVX) shares does the CEO hold after this Form 4 transaction?

After the transaction, the CEO beneficially owned 2,178,612 shares of Enovix common stock. This total includes 1,446,958 shares issuable upon vesting and settlement of RSUs and 47,775 vested PRSUs, which are scheduled to be released on March 2, 2027.

What restricted stock units are included in the Enovix (ENVX) CEO’s reported holdings?

The reported holdings include 1,446,958 shares issuable upon vesting and settlement of restricted stock units. They also include 47,775 vested performance restricted stock units, each representing a contingent right to receive one Enovix share, scheduled for release on March 2, 2027 upon settlement.

Was the Enovix (ENVX) CEO’s Form 4 transaction an open-market sale of shares?

No, the transaction was not an open-market sale. The Form 4 specifies a tax-withholding disposition using code F, where 24,175 shares were withheld to satisfy tax obligations upon delivery of vested performance restricted stock units, rather than sold at the CEO’s discretion.