Enovix COO has shares withheld for RSU taxes

Enovix Corp Chief Operating Officer Ajay Marathe reported a tax-related share withholding tied to equity compensation.

Rhea-AI Filing Summary

Enovix Corp Chief Operating Officer Ajay Marathe reported a tax-related share withholding tied to equity compensation. On 02/08/2026, 1,493 shares of common stock were withheld at $6.38 per share to satisfy tax obligations from vesting restricted stock units.

After this transaction, he beneficially owns 917,841 shares, including 610,480 shares issuable upon vesting and settlement of RSUs and 33,170 vested performance RSUs. The performance RSUs are scheduled to be released 50% on March 2, 2026 and 50% on March 1, 2027, with each PRSU representing one share upon settlement.

Insider Trade Summary

Exercise Price or Tax Liability: 1,493 shares

Exercise Price or Tax Liability 1 txn

Insider Marathe Ajay

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	1,493	$6.38	$10K

Holdings After Transaction: Common Stock — 917,841 shares (Direct)

Footnotes (2)

1. F1. 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. F2. Includes 610,480 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person and 33,170 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Enovix (ENVX) COO Ajay Marathe report in this Form 4?

Ajay Marathe reported a tax-related share withholding linked to restricted stock unit vesting. On February 8, 2026, 1,493 Enovix common shares were withheld at $6.38 per share to cover tax obligations, a common administrative step for equity awards rather than an open-market sale.

How many Enovix (ENVX) shares does COO Ajay Marathe now beneficially own?

After the reported transaction, Ajay Marathe beneficially owns 917,841 Enovix shares. This total includes currently held stock plus 610,480 shares issuable upon RSU vesting and 33,170 vested performance RSUs, which will convert into shares upon their scheduled settlement dates.

Was the Enovix (ENVX) Form 4 transaction an open-market sale by the COO?

The transaction was not an open-market sale. It reflects withholding of 1,493 shares to satisfy tax withholding obligations arising from restricted stock unit vesting, a standard mechanism where shares are retained by the company instead of the insider selling shares into the market.

What performance RSUs does the Enovix (ENVX) COO hold and when do they release?

Ajay Marathe holds 33,170 vested performance RSUs. Half of these performance RSUs are scheduled to be released on March 2, 2026, and the remaining half on March 1, 2027, with each PRSU representing the right to receive one Enovix common share upon settlement.

How many Enovix (ENVX) RSUs are included in the COO’s reported holdings?

The COO’s beneficial ownership includes 610,480 shares issuable upon vesting and settlement of RSUs granted to him. These RSUs represent future Enovix common shares that will be delivered as vesting conditions are met, in addition to the separate block of performance RSUs.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/10/2026 - 07:04 PM Learn about SEC filing dates

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^*

Marathe Ajay

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/08/2026

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	02/08/2026		F		1,493	D	$6.38(1)	917,841(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 610,480 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person and 33,170 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 Ajay Marathe	02/10/2026
	** 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.