ENVX Form 4: Enovix COO discloses RSU bonus and 989,363 shares

Rhea-AI Filing Summary

Enovix Corporation (ENVX) Chief Operating Officer Ajay Marathe reported equity award activity in company stock. On November 21, 2025, he received 6,035 shares of common stock at $0, issued upon the vesting of restricted stock units that represented his bonus for the quarter ended September 28, 2025.

On the same date, 3,190 shares were withheld at a price of $7.47 to cover tax obligations tied to the RSU vesting. After these transactions, Marathe beneficially owned 989,363 shares of Enovix common stock, including large amounts issuable from previously granted RSUs and vested performance RSUs scheduled for release in 2026 and 2027.

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

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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)
11/21/2025

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	11/21/2025		A		6,035(1)	A	$0	992,553(2)	D
Common Stock	11/21/2025		F		3,190(3)	D	$7.47	989,363(4)	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 shares of the Issuer's common stock issued to the Reporting Person upon the receipt of a fully vested award of restricted stock units ("RSUs") on November 21, 2025. These RSUs represent the Reporting Person's award bonus earned for the quarter ended September 28, 2025. Each RSU represents a contingent right to receive one share of Issuer's common stock.

2. Includes 749,853 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person and 33,170 vested performance RSUs ("PRSUs"), of which 50% will be released in on March 2, 2026 and the remaining 50% will be released on March 1, 2027. Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.

3. Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the receipt of a fully vested award of RSUs on November 21, 2025.

4. Includes 743,818 shares issuable upon the settlement of RSUs granted to the Reporting Person and 33,170 vested PRSUs.

Remarks:

	/s/ Arthi Chakravarthy, Attorney-in-Fact for Ajay Marathe	11/25/2025
	** 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 insider transaction did Enovix (ENVX) report for its COO?

Enovix reported that Chief Operating Officer Ajay Marathe received 6,035 shares of common stock on November 21, 2025 from a fully vested restricted stock unit (RSU) award tied to his quarterly bonus.

Why were 3,190 Enovix (ENVX) shares disposed of in this Form 4?

The 3,190 shares reported as disposed of at $7.47 per share reflect stock withheld to satisfy tax withholding obligations related to the vesting of Marathe’s RSU award on November 21, 2025.

How many Enovix (ENVX) shares does the COO beneficially own after the reported transactions?

Following the reported transactions, Chief Operating Officer Ajay Marathe beneficially owns 989,363 shares of Enovix common stock, including shares underlying outstanding RSUs and vested performance RSUs.

What do the RSUs and PRSUs reported for Enovix (ENVX) COO represent?

The RSUs represent a contingent right to receive one share of Enovix common stock per unit. Vested performance RSUs (PRSUs) also represent a right to one share per unit upon settlement, with portions scheduled to be released in March 2026 and March 2027.

What period’s performance was tied to the RSU bonus for Enovix (ENVX) COO?

The fully vested RSU award granted to Ajay Marathe on November 21, 2025 represents his award bonus earned for the quarter ended September 28, 2025.

Is this Enovix (ENVX) Form 4 filed for one or multiple reporting persons?

This Form 4 is indicated as being filed by one reporting person, namely Enovix Chief Operating Officer Ajay Marathe.