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Enovix CAO has 1,267 shares withheld for taxes

Enovix’s chief accounting officer had company shares withheld on RSU vesting to satisfy tax obligations, not as open-market sales.

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Enovix Corp (ENVX) reported that Chief Accounting Officer Kristina Truong had shares of common stock withheld to cover taxes on recently vesting equity awards. On September 13, 2026, 1,014 shares were withheld at $3.10 per share, and on September 10, 2026, 253 shares were withheld at $3.14 per share. These code F transactions represent payment of tax liabilities by delivering or withholding shares rather than open‑market sales. Footnotes state that Truong continues to hold a substantial number of unvested RSUs and vested performance RSUs that will settle in 2027 and 2028.

Positive

  • None.

Negative

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Insider Truong Kristina
Role Chief Accounting Officer
Type Security Shares Price Value
Tax Withholding Common Stock F1, F3 1,014 $3.10 $3K
Tax Withholding Common Stock F1, F2 253 $3.14 $794.42
Holdings After Transaction: Common Stock — 307,500 shares (Direct)
Footnotes (3)
  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 196,668 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as the following vested performance RSUs ("PRSUs"): (i) 2,489 PRSUs, which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 35,278 PRSUs, 50% of which will be released in April 2027, with the remainder to be released in April 2028 (the foregoing PRSUs collectively referred to as the "Earned PRSUs"). Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
  3. F3. Includes 194,753 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as the Earned PRSUs.
Shares withheld for taxes on September 13, 2026 1,014 shares Code F tax-withholding disposition at $3.10 per share
Shares withheld for taxes on September 10, 2026 253 shares Code F tax-withholding disposition at $3.14 per share
Total shares withheld for tax liabilities 1,267 shares Aggregate of two code F transactions related to RSU vesting
Unvested RSUs included in holdings (earlier footnote) 196,668 shares Shares issuable upon vesting and settlement of RSUs
Performance RSUs (PRSUs) releasing March 2027 2,489 shares Vested PRSUs scheduled for release in March 2027
Additional Earned PRSUs 35,278 shares Vested PRSUs, half to be released April 2027 and half April 2028
Unvested RSUs included after later transaction 194,753 shares RSUs included in holdings after September 13, 2026 transaction
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 RSUs ("PRSUs") financial
"as well as the following vested performance RSUs ("PRSUs"): (i) 2,489 PRSUs"
tax withholding obligations financial
"to satisfy tax withholding obligations in connection with the vesting of restricted stock units"
Earned PRSUs financial
"the foregoing PRSUs collectively referred to as the "Earned PRSUs""

FAQ

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

What insider transactions did Enovix (ENVX) disclose for Kristina Truong?

Enovix disclosed two transactions for Chief Accounting Officer Kristina Truong, both coded F, where a total of 1,267 shares of common stock were withheld on September 10 and 13, 2026 to satisfy tax withholding obligations related to RSU vesting.

Were the ENVX insider transactions open-market sales?

No. Both ENVX transactions were coded F as payment of tax liability by delivering or withholding securities. Footnotes specify that the shares were withheld to satisfy tax withholding obligations upon RSU vesting, not sold in the open market.

At what prices were the Enovix (ENVX) tax-withholding shares valued?

On September 13, 2026, 1,014 shares were withheld at $3.10 per share. On September 10, 2026, 253 shares were withheld at $3.14 per share, both in connection with RSU vesting for the chief accounting officer.

Does the Enovix (ENVX) filing indicate a Rule 10b5-1 trading plan?

No. The Form 4 indicates that no Rule 10b5-1 plan is reported for these transactions, and the footnotes do not describe them as being executed under a pre-arranged trading plan.

What RSU and PRSU awards does the ENVX chief accounting officer still hold?

Footnotes state that holdings include 196,668 RSUs plus 2,489 vested performance RSUs and an additional 35,278 performance RSUs, referred to as Earned PRSUs, settling in tranches in March and April 2027 and April 2028.

How did the September 13, 2026 Enovix (ENVX) transaction affect reported RSU holdings?

After the September 13, 2026 tax-withholding transaction, the footnote states that holdings include 194,753 RSUs plus the previously described Earned PRSUs, reflecting updated unvested and vested award balances for the reporting person.

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

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SEC Form 4
FORM 4UNITED 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*
Truong Kristina

(Last)(First)(Middle)
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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Accounting Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/10/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock09/10/2026F253(1)D$3.14308,514(2)D
Common Stock09/13/2026F1,014(1)D$3.1307,500(3)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 196,668 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as the following vested performance RSUs ("PRSUs"): (i) 2,489 PRSUs, which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 35,278 PRSUs, 50% of which will be released in April 2027, with the remainder to be released in April 2028 (the foregoing PRSUs collectively referred to as the "Earned PRSUs"). Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
3. Includes 194,753 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as the Earned PRSUs.
Remarks:
/s/ Arthi Chakravarthy, Attorney-in-Fact for Kristina Truong09/14/2026
** Signature of Reporting PersonDate
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)

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