ENVX COO tax-withholding: 4,440 shares withheld for RSU taxes

Rhea-AI Filing Summary

Ajay Marathe, listed as Chief Operating Officer and a director of Enovix Corp (ENVX), reported a transaction dated 10/01/2025. The filing shows the withholding of 4,440 shares of common stock at a price of $11.11 to satisfy tax withholding related to the vesting of restricted stock units (RSUs), where each RSU converts into one share upon settlement. After this withholding, the reporting person beneficially owns 1,147,259 shares in total; that total includes 785,681 shares that remain issuable upon settlement of outstanding RSUs. The Form 4 was signed by an attorney-in-fact on 10/03/2025. No derivative transactions are reported on this Form 4.

Positive

• Continued ownership of 1,147,259 shares after withholding, showing significant retained equity stake
• Transparency in reporting a tax-withholding disposition tied to RSU vesting on 10/01/2025

Negative

• None disclosed in this filing that are materially adverse to investors

Insights

Insider Transaction Analyst

Insider tax-withholding sale of 4,440 shares at $11.11.

The reported disposal reflects shares withheld to cover tax obligations tied to RSU vesting on 10/01/2025, not an open-market sale for cash proceeds. This is explicitly shown as tax withholding in the filing.

The reporting person still beneficially owns 1,147,259 shares, including 785,681 RSU-related shares pending settlement, indicating substantial ongoing equity exposure.

Corporate Governance Specialist

Filing confirms officer status and standard RSU settlement practice.

The form identifies the reporting person as Chief Operating Officer and a director, and the signature was provided by an attorney-in-fact on 10/03/2025. The document discloses only non-derivative activity, with no amendments or additional arrangements noted.

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

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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)
10/01/2025

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	10/01/2025		F		4,440(1)	D	$11.11	1,147,259(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") on October 1, 2025. Each RSU represents a contingent right to receive one share of the Issuer's common stock.

2. Includes 785,681 shares issuable upon the settlement of RSUs granted to the Reporting Person.

Remarks:

	/s/ Arthi Chakravarthy, Attorney-in-Fact for Ajay Marathe	10/03/2025
	** 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.

FAQ

What did Ajay Marathe report on Form 4 for ENVX?

The filing reports the withholding of 4,440 shares at $11.11 to satisfy tax withholding connected to RSU vesting on 10/01/2025.

How many Enovix shares does Ajay Marathe beneficially own after the transaction?

The Form 4 reports 1,147,259 shares beneficially owned following the reported transaction.

How many of Marathe’s shares are issuable upon RSU settlement?

The filing discloses 785,681 shares issuable upon settlement of outstanding RSUs.

Was this a market sale or a tax-withholding event?

The transaction is reported as tax withholding to satisfy tax obligations from RSU vesting, not as an open-market sale.

When was the Form 4 signed?

The Form 4 was signed by an attorney-in-fact for Ajay Marathe on 10/03/2025.