Enovix (ENVX) CLO logs routine 894-share tax withholding on RSU vesting

Rhea-AI Filing Summary

Enovix Corp Chief Legal Officer Arthi Chakravarthy reported a small share disposition tied to tax withholding. On the vesting of restricted stock units, 894 shares of common stock were withheld at $4.85 per share to cover tax obligations, leaving her with 457,203 shares held directly.

Her position includes 260,594 additional shares issuable upon future RSU vesting, 10,393 vested performance RSUs scheduled for release in March 2027, and 58,500 performance RSUs expected to be released in two stages 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^*

Chakravarthy Arthi

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer

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		894(1)	D	$4.85	457,203(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 260,594 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	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 insider transaction did Enovix (ENVX) report for Arthi Chakravarthy?

Enovix reported that Chief Legal Officer Arthi Chakravarthy had 894 shares of common stock withheld to satisfy tax obligations from RSU vesting. This was a tax-related disposition, not an open-market sale, and left her with 457,203 directly held shares afterward.

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

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. 894 shares were withheld by Enovix to cover tax obligations when restricted stock units vested, a routine administrative step often seen with equity compensation awards.

How many Enovix (ENVX) shares does Arthi Chakravarthy hold after this Form 4?

After the tax-withholding transaction, Arthi Chakravarthy directly holds 457,203 shares of Enovix common stock. This figure excludes additional shares underlying restricted stock units and performance RSUs that may be issued as they vest and are settled in future years.

What future RSU-based share awards does Enovix (ENVX) disclose for Arthi Chakravarthy?

The filing notes 260,594 shares issuable upon future RSU vesting, plus 10,393 vested performance RSUs scheduled for release in March 2027 and 58,500 performance RSUs, half to be released in April 2027 and the rest in April 2028, subject to settlement terms.

How significant is the 894-share tax withholding for Enovix (ENVX) ownership?

The 894-share tax withholding is relatively small compared with Arthi Chakravarthy’s 457,203 directly held shares. It represents a routine adjustment for taxes tied to RSU vesting, rather than a discretionary reduction of her overall economic exposure to Enovix stock.