Tax share withholding for Enovix (NASDAQ: ENVX) legal chief

Rhea-AI Filing Summary

Enovix Corp Chief Legal Officer Arthi Chakravarthy reported a small share disposition that reflects tax handling rather than an open-market trade. On this Form 4, 2,221 shares of common stock were withheld at $5.94 per share to satisfy tax obligations tied to vesting restricted stock units.

After this withholding, Chakravarthy is credited with 601,355 common shares, including 385,238 shares linked to unvested RSUs and additional performance RSUs scheduled for settlement between March 2027 and April 2028. The filing shows a routine compensation-related tax event, with the executive maintaining a substantial equity position.

Insights

Insider transactions analyst

Routine tax withholding on equity vesting; no open-market sale signal.

Chief Legal Officer Arthi Chakravarthy had 2,221 Enovix common shares withheld at $5.94 per share to cover tax obligations from restricted stock unit vesting. The transaction is coded F, which denotes payment of tax liability by delivering securities, not a discretionary market trade.

Following the event, Chakravarthy’s reported holdings total 601,355 common shares, including 385,238 shares tied to unvested RSUs and multiple tranches of performance RSUs due between March 2027 and April 2028. The scale of the withholding is small relative to the overall position, suggesting a standard compensation and tax-management mechanism rather than a change in sentiment.

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	2,221	$5.94	$13K

Holdings After Transaction: Common Stock — 601,355 shares (Direct, null)

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 385,238 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: 2,221 shares Withholding share price: $5.94 per share Shares following transaction: 601,355 shares +3 more

6 metrics

Shares withheld for taxes 2,221 shares Withholding to satisfy tax obligations on RSU vesting

Withholding share price $5.94 per share Value used for tax-withholding disposition

Shares following transaction 601,355 shares Total common stock credited after withholding event

RSUs issuable 385,238 shares Shares issuable upon vesting and settlement of RSUs

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

Additional PRSUs 58,500 units PRSUs to be released 50% in April 2027 and 50% in April 2028

Key Terms

restricted stock units ("RSUs"), performance restricted stock units ("PRSUs"), tax withholding obligations

3 terms

restricted stock units ("RSUs") financial

"Reflects the withholding of shares ... 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 385,238 shares issuable ... and (ii) an aggregate of 58,500 PRSUs..."

tax withholding obligations financial

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/26/2026 - 05:46 PM Accepted by SEC EDGAR 06/26/2026 - 05:46 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^*

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)
06/24/2026

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	06/24/2026		F		2,221(1)	D	$5.94	601,355(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 385,238 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	06/26/2026
	** 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) executive Arthi Chakravarthy report in this Form 4?

Arthi Chakravarthy reported a tax-related share disposition, where 2,221 Enovix common shares were withheld at $5.94 each to satisfy tax obligations from restricted stock unit vesting. This is a compensation-driven event rather than an open-market stock sale or purchase.

Is the Enovix (ENVX) Form 4 a buy or sell of shares by the CLO?

The filing does not show an open-market buy or sell. Instead, 2,221 shares were disposed of through withholding to pay taxes on vested RSUs. Code F transactions like this are routine tax-withholding events, not discretionary insider trading decisions in the open market.

How many Enovix (ENVX) shares does Arthi Chakravarthy hold after this transaction?

After the tax withholding, Arthi Chakravarthy is credited with 601,355 Enovix common shares. This figure includes shares tied to unvested restricted stock units and performance RSUs scheduled to settle in 2027 and 2028, indicating a substantial ongoing equity stake.

What role do RSUs and PRSUs play in this Enovix (ENVX) insider filing?

The filing notes 385,238 shares issuable from RSUs plus performance RSUs, including 10,393 vested PRSUs and 58,500 additional PRSUs set for release in 2027–2028. These awards form a major part of Chakravarthy’s equity compensation and future share exposure.

Does the Enovix (ENVX) Form 4 suggest a change in insider sentiment?

The Form 4 mainly reflects tax withholding on equity vesting, not a discretionary sale, so it offers limited insight into sentiment. Chakravarthy continues to hold more than 600,000 common shares, underscoring a large remaining position after this routine administrative transaction.

At what price were the Enovix (ENVX) shares withheld for tax purposes?

The 2,221 Enovix common shares were valued at $5.94 per share for the tax-withholding event. This price is used solely for calculating the value of shares delivered to satisfy tax obligations related to the vesting of restricted stock units.