Enovix Corp (ENVX) reports RSU tax withholding for CAO Truong shares
Rhea-AI Filing Summary
Enovix Corp Chief Accounting Officer Kristina Truong reported a routine tax-related share withholding. On January 8, 2026, 1,746 shares of common stock were withheld at $7.91 per share to cover taxes due on vested restricted stock units (RSUs).
After this transaction, Truong beneficially owns 194,305 shares of Enovix common stock. This figure includes 144,507 shares issuable upon vesting and settlement of RSUs and 4,978 vested performance RSUs (PRSUs), with half of the PRSUs scheduled for release on March 2, 2026 and the remainder on March 1, 2027.
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FAQ
What insider transaction did Enovix (ENVX) report for Kristina Truong?
The filing shows that Chief Accounting Officer Kristina Truong had 1,746 shares of Enovix common stock withheld on January 8, 2026 to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs).
How many Enovix (ENVX) shares were involved and at what price?
The transaction involved 1,746 shares of Enovix common stock at a price of $7.91 per share, reflected as shares withheld to cover taxes rather than an open-market sale.
How many Enovix (ENVX) shares does Kristina Truong own after this Form 4 transaction?
Following the reported transaction, Kristina Truong beneficially owns 194,305 shares of Enovix common stock, including shares underlying RSUs and performance RSUs.
What RSU and PRSU awards are included in Kristina Truong’s Enovix holdings?
Her holdings include 144,507 shares issuable upon vesting and settlement of RSUs and 4,978 vested performance RSUs (PRSUs). Each PRSU represents a right to receive one share of Enovix common stock upon settlement.
When will Kristina Truong’s Enovix PRSUs be released?
The filing states that 50% of the 4,978 vested PRSUs will be released on March 2, 2026, and the remaining 50% will be released on March 1, 2027, subject to settlement terms.
Is the reported Enovix (ENVX) transaction an open-market sale by Kristina Truong?
No. The Form 4 explains that the transaction reflects share withholding of Enovix common stock to satisfy tax withholding obligations arising from the vesting of RSUs, not a discretionary open-market sale.
What is Kristina Truong’s role at Enovix (ENVX) according to the filing?
The filing identifies Kristina Truong as an officer of Enovix Corp, serving as the company’s Chief Accounting Officer.