Enovix (NASDAQ: ENVX) CEO uses shares to cover RSU taxes

Rhea-AI Filing Summary

Enovix Corp President and CEO Rajendra K. Talluri reported a tax-related share disposition. On this Form 4, 4,109 shares of common stock were withheld at $4.85 per share to cover tax obligations tied to vesting restricted stock units. This was not an open-market sale. After the withholding, he holds 2,434,114 common shares directly. Footnotes also show 1,438,838 shares underlying unvested RSUs, 47,775 vested PRSUs scheduled for release in March 2027, and 259,611 additional PRSUs scheduled for release in April 2027 and April 2028.

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)
03/08/2026

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	03/08/2026		F		4,109(1)	D	$4.85	2,434,114(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 1,438,838 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as: (i) 47,775 vested performance restricted stock units ("PRSUs"), which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 259,611 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, Attorney-in-Fact for Raj Talluri	03/10/2026
	** 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 did Enovix (ENVX) CEO Rajendra Talluri report in this Form 4?

Enovix CEO Rajendra K. Talluri reported a disposition of 4,109 common shares. The shares were withheld by the company to satisfy tax obligations from vesting restricted stock units, rather than sold in the open market.

How many Enovix (ENVX) shares does the CEO hold after this tax withholding?

After the tax withholding transaction, Rajendra K. Talluri holds 2,434,114 Enovix common shares directly. This figure reflects his position following the 4,109 shares withheld to cover taxes on RSU vesting.

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

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. The 4,109 shares were withheld by Enovix to satisfy tax liabilities from vesting RSUs, according to the filing’s transaction code and footnote.

What future share releases are disclosed for the Enovix (ENVX) CEO?

The filing notes 47,775 vested PRSUs scheduled for release in March 2027. It also discloses 259,611 additional PRSUs, with half to be released in April 2027 and the remainder in April 2028, each representing one share upon settlement.

How many RSU-based shares are tied to Enovix (ENVX) CEO Rajendra Talluri?

The document states 1,438,838 shares are issuable upon vesting and settlement of RSUs granted to Rajendra K. Talluri. These RSUs are in addition to his 2,434,114 directly held common shares after the reported tax-withholding transaction.