Enovix (ENVX) COO details RSU tax withholding and share holdings

Rhea-AI Filing Summary

Enovix Corporation’s Chief Operating Officer, Ajay Marathe, reported a stock transaction dated December 14, 2025. The filing shows that 7,338 shares of common stock were withheld at $8.64 per share to cover tax withholding obligations triggered by the vesting of restricted stock units on that date.

After this transaction, Marathe is reported to beneficially own 980,535 shares of Enovix common stock. This total includes 727,116 shares issuable upon the vesting and settlement of RSUs and 33,170 vested performance RSUs, with half scheduled for release on March 2, 2026 and the other half on March 1, 2027, each PRSU representing the right to receive one share upon settlement.

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^*

Marathe Ajay

(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 Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/14/2025

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/14/2025		F		7,338(1)	D	$8.64	980,535(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 on December 14, 2025.

2. Includes 727,116 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person and 33,170 shares of 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.

Remarks:

	/s/ Arthi Chakravarthy, Attorney-in-Fact for Ajay Marathe	12/16/2025
	** 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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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider stock transaction did Enovix (ENVX) report for its COO?

The report shows that Enovix Chief Operating Officer Ajay Marathe had 7,338 shares of common stock withheld on December 14, 2025 at a price of $8.64 per share. The transaction is coded "F", indicating it was to satisfy tax withholding obligations related to restricted stock unit vesting.

How many Enovix (ENVX) shares does Ajay Marathe beneficially own after the reported transaction?

Following the reported transaction, Ajay Marathe is shown as beneficially owning 980,535 shares of Enovix common stock directly. This figure reflects his holdings after the tax-related share withholding.

What RSU and PRSU awards are included in Ajay Marathe's Enovix (ENVX) holdings?

The reported beneficial ownership includes 727,116 shares issuable upon the vesting and settlement of RSUs granted to him and 33,170 vested performance RSUs. Each PRSU represents a contingent right to receive one share of Enovix common stock upon settlement.

When will Ajay Marathe’s vested Enovix (ENVX) performance RSUs be released?

The filing states that of the 33,170 vested PRSUs, 50% will be released on March 2, 2026 and the remaining 50% will be released on March 1, 2027, subject to the terms of the awards.

What is Ajay Marathe’s role at Enovix (ENVX) as disclosed in this filing?

Ajay Marathe is identified as an officer of Enovix Corporation, serving as the company’s Chief Operating Officer in this ownership report.

Why were 7,338 Enovix (ENVX) shares withheld from Ajay Marathe?

The explanation notes that the 7,338 shares of Enovix common stock were withheld to satisfy tax withholding obligations arising from the vesting of restricted stock units on December 14, 2025.