Enovix (ENVX) CFO reports 79,725-share RSU tax withholding, holds 922,968
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enovix Corp Chief Financial Officer Ryan A. Benton reported an automatic share disposition tied to taxes, not an open-market sale. On the vesting of restricted stock units (RSUs), 79,725 shares of common stock were withheld at $6.36 per share to satisfy tax withholding obligations.
Following this tax-withholding disposition, Benton directly holds 922,968 shares of Enovix common stock. His position also includes 848,005 additional shares issuable upon future vesting and settlement of RSUs granted to him.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Benton Ryan A
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 79,725 | $6.36 | $507K |
Holdings After Transaction:
Common Stock — 922,968 shares (Direct)
Footnotes (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 848,005 shares issuable upon vesting and settlement of RSUs granted to the Reporting Person.
Key Figures
Shares withheld for taxes: 79,725 shares
Tax withholding reference price: $6.36/share
Shares held after transaction: 922,968 shares
+1 more
4 metrics
Shares withheld for taxes
79,725 shares
Tax withholding on RSU vesting at $6.36 per share on 2026-04-14
Tax withholding reference price
$6.36/share
Value used for 79,725-share tax-withholding disposition
Shares held after transaction
922,968 shares
Direct Enovix common stock ownership following the Form 4 transaction
RSU-based shares issuable
848,005 shares
Shares issuable upon vesting and settlement of RSUs granted to the CFO
Key Terms
restricted stock units ("RSUs"), tax withholding obligations, vesting and settlement
3 terms
restricted stock units ("RSUs") financial
"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.
tax withholding obligations financial
"to satisfy tax withholding obligations in connection with the vesting"
vesting and settlement financial
"shares issuable upon vesting and settlement of RSUs granted"
FAQ
What insider transaction did Enovix (ENVX) disclose for CFO Ryan A. Benton?
Enovix disclosed that CFO Ryan A. Benton had 79,725 common shares withheld to cover tax obligations upon RSU vesting. This was a tax-withholding disposition, not an open-market trade, and reflects routine handling of equity compensation taxes.
Is the Enovix (ENVX) CFO’s Form 4 transaction a strong bullish or bearish signal?
The reported transaction appears routine rather than a directional bet. It reflects shares withheld to pay taxes on RSU vesting, not a voluntary open-market sale or purchase, and the CFO continues to hold a substantial common stock and RSU-based position.