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Enovix (ENVX) CAO reports tax withholding on RSU vesting

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Enovix Corp Chief Accounting Officer Kristina Truong reported a tax-related share withholding, where 253 shares of common stock were withheld at $6.61 per share to satisfy obligations from vesting restricted stock units.

After this disposition, she holds 313,946 shares directly. Her position includes 223,001 shares tied to unvested RSUs and vested performance RSUs consisting of 2,489 PRSUs scheduled for release in March 2027 and 35,278 PRSUs, half to be released in April 2027 and the remainder in April 2028. The holdings also include 2,045 shares acquired under the 2021 Employee Stock Purchase Plan on May 8, 2026.

Positive

  • None.

Negative

  • None.
Insider Truong Kristina
Role Chief Accounting Officer
Type Security Shares Price Value
Tax Withholding Common Stock 253 $6.61 $2K
Holdings After Transaction: Common Stock — 313,946 shares (Direct, null)
Footnotes (1)
  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 223,001 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as the following vested performance restricted stock units ("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 (the foregoing PRSUs collectively referred to as the "Earned PRSUs"). Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. Includes 2,045 shares acquired under the Issuer's 2021 Employee Stock Purchase Plan on May 8, 2026.
Tax-withheld shares 253 shares Withheld to satisfy RSU-related tax obligations at $6.61 per share
Withholding price $6.61 per share Price used for 253-share tax-withholding disposition
Shares held after transaction 313,946 shares Direct Enovix common stock holdings after tax withholding
RSUs outstanding 223,001 shares Shares issuable upon vesting and settlement of RSUs
PRSUs March 2027 2,489 PRSUs Vested PRSUs scheduled for release in March 2027
PRSUs April 2027–2028 35,278 PRSUs Half released April 2027, remainder April 2028
ESPP shares acquired 2,045 shares Acquired under 2021 Employee Stock Purchase Plan on May 8, 2026
restricted stock units ("RSUs") financial
"Reflects the withholding of shares ... 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 restricted stock units ("PRSUs") financial
"Includes 223,001 shares issuable upon the vesting and settlement of RSUs ... and the following vested performance restricted stock units ("PRSUs")."
Earned PRSUs financial
"the foregoing PRSUs collectively referred to as the "Earned PRSUs"."
2021 Employee Stock Purchase Plan financial
"Includes 2,045 shares acquired under the Issuer's 2021 Employee Stock Purchase Plan on May 8, 2026."
Form 4 Insider Transactions: What Each Field Means →
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)
05/10/2026		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 Stock05/10/2026F253(1)D$6.61313,946(2)(3)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 223,001 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as the following vested performance restricted stock units ("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 (the foregoing PRSUs collectively referred to as the "Earned PRSUs"). Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
3. Includes 2,045 shares acquired under the Issuer's 2021 Employee Stock Purchase Plan on May 8, 2026.
Remarks:
/s/ Arthi Chakravarthy, Attorney-in-Fact for Kristina Truong05/12/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Enovix (ENVX) report for Kristina Truong?

Enovix reported that Chief Accounting Officer Kristina Truong had 253 common shares withheld at $6.61 per share to cover tax obligations from vesting restricted stock units, a non-market tax-withholding disposition rather than an open-market share sale.

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

Following the tax-withholding disposition, Kristina Truong directly holds 313,946 Enovix common shares. This figure includes previously held stock and reflects the net position after 253 shares were withheld to satisfy tax obligations associated with the vesting of restricted stock units.

What future RSU and PRSU releases are disclosed for Enovix CAO Kristina Truong?

The filing states that Truong has 223,001 shares tied to RSUs and vested PRSUs, including 2,489 PRSUs to be released in March 2027 and 35,278 PRSUs, with half released in April 2027 and the rest in April 2028, subject to settlement.

Does the Enovix Form 4 indicate open-market buying or selling by Kristina Truong?

The Form 4 shows a tax-withholding disposition, not an open-market trade. Specifically, 253 shares were withheld to satisfy tax liabilities on RSU vesting, a routine administrative transaction rather than a discretionary purchase or sale in the open market.

What role do Enovix RSUs and PRSUs play in Kristina Truong’s equity position?

Truong’s equity position includes 223,001 shares underlying RSUs plus vested PRSUs scheduled for future release. These awards represent contingent rights to receive Enovix common shares upon settlement on specified future dates, supplementing her existing directly held share count.

What additional Enovix shares did Kristina Truong acquire under the 2021 Employee Stock Purchase Plan?

The filing notes that Truong’s holdings include 2,045 shares acquired through Enovix’s 2021 Employee Stock Purchase Plan on May 8, 2026. These plan shares are part of her overall direct ownership reported after the tax-withholding transaction.