Enovix (ENVX) CLO uses 3,337 shares to cover RSU tax withholding

Rhea-AI Filing Summary

Enovix Corp Chief Legal Officer Arthi Chakravarthy had 3,337 shares of common stock withheld at $4.97 per share to cover tax obligations. This was tied to the vesting of restricted stock units and was not an open-market sale. After the tax withholding, Chakravarthy directly holds 451,645 shares, including 250,099 shares issuable upon RSU vesting and settlement and multiple tranches of performance restricted stock units scheduled for release in 2027 and 2028.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Chakravarthy Arthi

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	3,337	$4.97	$17K

Holdings After Transaction: Common Stock — 451,645 shares (Direct)

Footnotes (1)

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 250,099 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as: (i) 10,393 vested performance restricted stock units ("PRSUs"), which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 58,500 PRSUs, 50% of which will be released in April 2027, with the remainder to be released in April 2028. Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.

Key Figures

Shares withheld for taxes: 3,337 shares Tax withholding price: $4.97 per share Shares after transaction: 451,645 shares +3 more

6 metrics

Shares withheld for taxes 3,337 shares Tax-withholding disposition on common stock at $4.97 per share

Tax withholding price $4.97 per share Value used for 3,337 withheld shares

Shares after transaction 451,645 shares Direct holdings following the tax-withholding transaction

RSUs issuable 250,099 shares Shares issuable upon vesting and settlement of RSUs

Vested PRSUs 10,393 units Vested PRSUs to be released in March 2027

Unvested PRSUs 58,500 units PRSUs, 50% releasing in April 2027 and remainder in April 2028

Key Terms

restricted stock units ("RSUs"), performance restricted stock units ("PRSUs"), tax withholding obligations, vesting and settlement, +1 more

5 terms

restricted stock units ("RSUs") financial

"to satisfy tax withholding obligations in connection with the 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 restricted stock units ("PRSUs") financial

"Includes 250,099 shares issuable upon the vesting and settlement of RSUs ... and (ii) an aggregate of 58,500 PRSUs"

tax withholding obligations financial

"Reflects the withholding of shares ... to satisfy tax withholding obligations in connection with the vesting of restricted stock units"

vesting and settlement financial

"Includes 250,099 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person"

contingent right to receive one share financial

"Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement."

Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
hours per response:			0.5

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^*

Chakravarthy Arthi

(Last) (First) (Middle)

C/O ENOVIX CORPORATION

3501 W. WARREN AVENUE

(Street)

FREMONT CALIFORNIA 94538

(City) (State) (Zip)

UNITED STATES

(Country)

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 Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	04/01/2026		F		3,337(1)	D	$4.97	451,645(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").

2. Includes 250,099 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as: (i) 10,393 vested performance restricted stock units ("PRSUs"), which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 58,500 PRSUs, 50% of which will be released in April 2027, with the remainder to be released in April 2028. Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.

Remarks:

	/s/ Arthi Chakravarthy	04/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Enovix (ENVX) Chief Legal Officer report in this Form 4?

The Chief Legal Officer reported 3,337 Enovix shares withheld at $4.97 each to satisfy tax obligations from RSU vesting. This is a tax-withholding disposition, not an open-market sale, and reflects routine equity compensation administration.

Was the Enovix (ENVX) Form 4 transaction a stock sale by the insider?

No, the transaction reflects shares withheld to pay taxes on RSU vesting, not a market sale. The filing describes it as payment of tax liability by delivering securities, a common mechanism for equity-based compensation.

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

After the tax withholding transaction, the Chief Legal Officer directly holds 451,645 Enovix shares. This total includes currently owned shares plus those issuable from vested and unvested RSUs and performance restricted stock units according to the filing.

What future Enovix (ENVX) shares are tied to RSUs and PRSUs in this Form 4?

The filing notes 250,099 shares issuable upon RSU vesting and settlement, 10,393 vested PRSUs to be released in March 2027, and 58,500 additional PRSUs, with 50% releasing in April 2027 and the remainder in April 2028, each representing one future share.

Why were Enovix (ENVX) shares withheld in this insider Form 4?

Shares were withheld to satisfy tax withholding obligations triggered by RSU vesting. Instead of paying taxes in cash, a portion of the equity award—3,337 shares—was used to cover the liability at $4.97 per share, a standard compensation practice.