Enovix (NASDAQ: ENVX) CAO withholds 1,116 shares for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enovix Corp Chief Accounting Officer Kristina Truong reported a tax-withholding disposition of 1,116 shares of common stock at $5.92 per share tied to RSU vesting. After this transaction, she holds 191,549 shares, including 139,724 RSUs and 4,978 vested PRSUs with future release dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Truong Kristina
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,116 | $5.92 | $7K |
Holdings After Transaction:
Common Stock — 191,549 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 139,724 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person and 4,978 shares of 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.
FAQ
What insider transaction did Enovix (ENVX) report for Kristina Truong?
Enovix reported that Chief Accounting Officer Kristina Truong had 1,116 common shares withheld to cover taxes from restricted stock unit vesting. The Form 4 lists this as a tax-withholding disposition rather than an open-market buy or sell transaction.
What RSU and PRSU awards are disclosed for Enovix’s Chief Accounting Officer?
The filing notes 139,724 Enovix shares issuable upon vesting and settlement of RSUs and 4,978 vested performance RSUs. Half of the PRSUs are scheduled for release on March 2, 2026, with the remaining half on March 1, 2027, each representing one common share.
Was the Enovix (ENVX) Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. It is coded F, indicating shares were withheld to cover tax liabilities related to RSU vesting. This tax-withholding disposition reduces delivered shares to the insider without involving a discretionary trade on the open market.