Enovix (ENVX) CAO reports 1,015-share tax withholding on RSU vesting
Rhea-AI Filing Summary
Enovix Corp Chief Accounting Officer Kristina Truong reported a routine tax-related share disposition. On the transaction date, 1,015 shares of common stock were withheld at $6.66 per share to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs).
After this withholding, Truong directly holds 314,354 shares of Enovix common stock. This total includes 218,694 shares issuable upon future vesting and settlement of RSUs and vested performance RSUs: 2,489 PRSUs scheduled for release in March 2027 and 35,278 PRSUs to be released in two tranches in April 2027 and April 2028.
The transaction is classified as a tax-withholding disposition rather than an open-market sale, and reflects standard equity compensation and tax treatment rather than a discretionary trade in Enovix shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,015 | $6.66 | $7K |
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 218,694 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 (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.