What was the purpose of the share withholdings reported in the Enovix (ENVX) Form 4?

The Form 4 states that 2,622 shares on November 21, 2025 and 2,217 shares on November 24, 2025 were withheld to satisfy tax withholding obligations related to RSU vesting.

ENVX Form 4: Chief Legal Officer RSU award and tax withholding

Q: What insider transaction did Enovix (ENVX) report for its Chief Legal Officer?

Enovix reported that its Chief Legal Officer, Arthi Chakravarthy , received 4,960 shares of common stock on November 21, 2025 from fully vested restricted stock units (RSUs) earned as a bonus.

Q: At what prices were Enovix (ENVX) shares withheld for taxes in this filing?

The shares withheld for taxes were valued at $7.47 per share on November 21, 2025 and $7.58 per share on November 24, 2025, according to the Form 4.

Q: What portion of the Enovix (ENVX) holdings are tied to RSUs and PRSUs?

The filing notes that the holdings include 303,276 shares issuable upon vesting and settlement of RSUs and 20,786 vested performance RSUs (PRSUs) , each representing a right to receive one share upon settlement.

Q: When are the Enovix (ENVX) performance RSUs scheduled to be released?

The filing states that the 20,786 vested PRSUs are scheduled for release in two equal parts, with 50% on March 2, 2026 and the remaining 50% on March 1, 2027 .

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Enovix Corporation (ENVX) reported insider equity activity for its Chief Legal Officer, Arthi Chakravarthy. On November 21, 2025, she received 4,960 shares of common stock at a price of $0, issued upon the receipt of fully vested restricted stock units (RSUs) earned as bonus for the quarter ended September 28, 2025, with each RSU equal to one share.

To cover tax withholding on RSU vesting, 2,622 shares were withheld on November 21, 2025 at $7.47 per share and 2,217 shares were withheld on November 24, 2025 at $7.58 per share. Following these transactions, Chakravarthy beneficially owned 424,156 shares, including 303,276 shares issuable from RSUs and 20,786 vested performance RSUs scheduled for releases in March 2026 and March 2027.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Chakravarthy Arthi

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	2,217	$7.58	$17K
Grant/Award	Common Stock	4,960	$0.00	--
Tax Withholding	Common Stock	2,622	$7.47	$20K

Holdings After Transaction: Common Stock — 424,156 shares (Direct)

Footnotes (1)

Reflects shares of the Issuer's common stock issued to the Reporting Person upon the receipt of fully vested awards of restricted stock units ("RSUs") on November 21, 2025. These RSUs represent the Reporting Person's award bonuses earned for the quarter ended September 28, 2025. Each RSU represents a contingent right to receive one share of Issuer's common stock. Includes 312,429 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person and 20,786 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. Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the receipt of a fully vested award of RSUs on November 21, 2025. Includes 307,469 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person and 20,786 vested PRSUs. Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the vesting of RSUs on November 24, 2025. Includes 303,276 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person and 20,786 vested PRSUs.

Form 4 Insider Transactions: What Each Field Means →

11/25/2025 - 09:19 PM

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

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 Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/21/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/21/2025		A		4,960⁽¹⁾	A	$0	428,995⁽²⁾	D
Common Stock	11/21/2025		F		2,622⁽³⁾	D	$7.47	426,373⁽⁴⁾	D
Common Stock	11/24/2025		F		2,217⁽⁵⁾	D	$7.58	424,156⁽⁶⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Reflects shares of the Issuer's common stock issued to the Reporting Person upon the receipt of fully vested awards of restricted stock units ("RSUs") on November 21, 2025. These RSUs represent the Reporting Person's award bonuses earned for the quarter ended September 28, 2025. Each RSU represents a contingent right to receive one share of Issuer's common stock.

2. Includes 312,429 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person and 20,786 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.

3. Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the receipt of a fully vested award of RSUs on November 21, 2025.

4. Includes 307,469 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person and 20,786 vested PRSUs.

5. Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the vesting of RSUs on November 24, 2025.

6. Includes 303,276 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person and 20,786 vested PRSUs.

Remarks:

	/s/ Arthi Chakravarthy	11/25/2025
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Enovix (ENVX) report for its Chief Legal Officer?

Enovix reported that its Chief Legal Officer, Arthi Chakravarthy, received 4,960 shares of common stock on November 21, 2025 from fully vested restricted stock units (RSUs) earned as a bonus.

At what prices were Enovix (ENVX) shares withheld for taxes in this filing?

The shares withheld for taxes were valued at $7.47 per share on November 21, 2025 and $7.58 per share on November 24, 2025, according to the Form 4.

How many Enovix (ENVX) shares does the reporting person beneficially own after these transactions?

After the reported transactions, the Chief Legal Officer beneficially owned 424,156 shares of Enovix common stock.

What portion of the Enovix (ENVX) holdings are tied to RSUs and PRSUs?

The filing notes that the holdings include 303,276 shares issuable upon vesting and settlement of RSUs and 20,786 vested performance RSUs (PRSUs), each representing a right to receive one share upon settlement.

When are the Enovix (ENVX) performance RSUs scheduled to be released?

The filing states that the 20,786 vested PRSUs are scheduled for release in two equal parts, with 50% on March 2, 2026 and the remaining 50% on March 1, 2027.