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Enovix (ENVX) CEO has 46,333 shares withheld to cover RSU tax obligations

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Enovix Corp President and CEO Rajendra K. Talluri reported routine tax-withholding transactions related to equity compensation. On July 1, 2026, a total of 46,333 shares of common stock were withheld at $5.85 per share to satisfy tax obligations triggered by the vesting of restricted stock units. These Form 4 entries reflect payment of tax liability by delivering shares rather than an open-market sale, and are tied to previously granted RSUs and performance RSUs that continue to vest over future dates.

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Insider Talluri Rajendra K
Role President and CEO
Type Security Shares Price Value
Tax Withholding Common Stock 15,568 $5.85 $91K
Tax Withholding Common Stock 30,765 $5.85 $180K
Holdings After Transaction: Common Stock — 3,029,048 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 1,927,089 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 (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. Includes 1,868,988 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as the Earned PRSUs.
Tax-withholding shares 46,333 shares Total shares withheld for taxes on 2026-07-01
Withholding price $5.85 per share Price used for both tax-withholding transactions
First withholding block 30,765 shares Common stock withheld for tax liability, transaction code F
Second withholding block 15,568 shares Additional shares withheld for tax liability, transaction code F
RSUs issuable 1,927,089 shares Shares issuable upon vesting and settlement of RSUs
Vested PRSUs 47,775 units Earned PRSUs scheduled for release in March 2027
Additional Earned PRSUs 259,611 units PRSUs to be released 50% in April 2027 and remainder in April 2028
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 1,927,089 shares issuable ... as well as: (i) 47,775 vested performance restricted stock units ("PRSUs")."
Earned PRSUs financial
"the foregoing PRSUs collectively referred to as the "Earned PRSUs"."
tax withholding obligations financial
"to satisfy tax withholding obligations in connection with the vesting of restricted stock units"
payment of exercise price or tax liability by delivering securities financial
"transaction_code_description": "Payment of exercise price or tax liability by delivering securities""
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Form 4 Insider Transactions: What Each Field Means →
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*
Talluri Rajendra K
(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President and CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026		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 Stock07/01/2026F15,568(1)D$5.853,029,048(2)D
Common Stock07/01/2026F30,765(1)D$5.852,998,283(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 1,927,089 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 (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 1,868,988 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 Raj Talluri07/06/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Enovix (ENVX) CEO Rajendra Talluri report on this Form 4?

Rajendra Talluri reported share dispositions used to cover tax obligations from vesting stock awards. The filing shows company shares withheld rather than cash to satisfy taxes on restricted stock unit vesting.

How many Enovix (ENVX) shares were withheld for taxes in this filing?

A total of 46,333 Enovix common shares were withheld for taxes. The Form 4 lists two tax-withholding dispositions of 30,765 and 15,568 shares, both priced at $5.85 per share to satisfy RSU-related tax liabilities.

Were the Enovix (ENVX) CEO’s transactions open-market sales of stock?

No, the transactions were not open-market sales. They are coded “F” and described as payment of tax liability by delivering securities, reflecting automatic share withholding tied to restricted stock unit vesting.

What types of equity awards are involved in this Enovix (ENVX) Form 4?

The filing involves restricted stock units and performance restricted stock units. Footnotes describe RSUs, vested PRSUs, and additional Earned PRSUs that will settle into Enovix common shares over future dates when vesting conditions are met.

Does the Enovix (ENVX) CEO still hold a significant stock position after these tax withholdings?

Yes, the CEO continues to hold a substantial Enovix equity position. The Form 4 shows millions of shares directly owned, including large amounts issuable upon vesting and settlement of RSUs and Earned PRSUs described in the footnotes.