STOCK TITAN

Enovix (ENVX) exec left with 302,881 shares after RSU tax move

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Enovix Corp officer Kristina Truong reported a Form 4 transaction involving company common stock. On 2026-08-13, 1,015 shares of common stock were disposed of at $4.43 per share to satisfy tax withholding obligations arising from the vesting of restricted stock units (RSUs); this was not an open-market sale. Following this tax-withholding disposition, Truong directly holds 302,881 shares of common stock, which includes 197,114 shares issuable upon future vesting and settlement of RSUs and vested performance RSUs (PRSUs), consisting of 2,489 PRSUs scheduled for release in March 2027 and an aggregate of 35,278 PRSUs, half to be released in April 2027 and the remainder in April 2028.

Positive

  • None.

Negative

  • None.
Insider Truong Kristina
Role Chief Accounting Officer
Type Security Shares Price Value
Tax Withholding Common Stock F1, F2 1,015 $4.43 $4K
Holdings After Transaction: Common Stock — 302,881 shares (Direct)
Footnotes (2)
  1. F1. 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. F2. Includes 197,114 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as the following vested performance RSUs ("PRSUs"): (i) 2,489 PRSUs, which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 35,278 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.
Tax-withheld shares 1,015 shares Shares withheld on 2026-08-13 to satisfy tax withholding obligations for RSU vesting
Per-share value for withholding $4.43 per share Valuation used for the 1,015-share tax-withholding disposition
Shares following transaction 302,881 shares Total direct holdings reported after the 2026-08-13 transaction
RSUs issuable 197,114 shares Shares issuable upon vesting and settlement of RSUs granted to the reporting person
PRSUs March 2027 release 2,489 PRSUs Vested performance RSUs to be released in March 2027
PRSUs April 2027–2028 releases 35,278 PRSUs Aggregate vested PRSUs, 50% releasing April 2027 and 50% April 2028
restricted stock units ("RSUs") financial
"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")."
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.
performance RSUs ("PRSUs") financial
"as well as the following vested performance RSUs ("PRSUs"): (i) 2,489 PRSUs, which will be released"
tax withholding obligations financial
"Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection"
vesting and settlement financial
"Includes 197,114 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person"

FAQ

What transaction did Enovix (ENVX) officer Kristina Truong report on this Form 4?

Kristina Truong reported a disposition of 1,015 Enovix common shares on 2026-08-13. The shares were withheld by the company to cover tax withholding obligations related to the vesting of restricted stock units, rather than sold in the open market.

At what price were the Enovix (ENVX) shares withheld for taxes on this Form 4?

The 1,015 Enovix shares were valued at $4.43 per share for the tax-withholding transaction. This disposition reflects payment of tax liability by delivering or withholding securities in connection with RSU vesting, not a discretionary market trade.

How many Enovix (ENVX) shares does Kristina Truong hold after this Form 4 transaction?

After the transaction, Kristina Truong directly holds 302,881 Enovix shares. This figure includes shares currently owned plus those issuable upon vesting and settlement of RSUs and performance RSUs as described in the filing footnotes.

What RSU and PRSU awards are included in Kristina Truong’s Enovix (ENVX) holdings?

Her reported holdings include 197,114 shares issuable from RSUs and vested PRSUs. These comprise 2,489 PRSUs to be released in March 2027 and an additional 35,278 PRSUs, half releasing in April 2027 and half in April 2028.

Was Kristina Truong’s Enovix (ENVX) Form 4 transaction under a Rule 10b5-1 trading plan?

The filing indicates the Rule 10b5-1 checkbox is not marked as a plan transaction. The reported activity is a tax-withholding disposition tied to RSU vesting, rather than a discretionary trade under a pre-arranged trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
Truong Kristina

(Last)(First)(Middle)
3501 W WARREN AVENUE

(Street)
FREMONT CALIFORNIA 94538

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Enovix Corp [ ENVX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Accounting Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/13/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock08/13/2026F1,015(1)D$4.43302,881(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 197,114 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as the following vested performance RSUs ("PRSUs"): (i) 2,489 PRSUs, which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 35,278 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, Attorney-in-Fact for Kristina Truong08/17/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)