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Enovix (ENVX) CAO reports 1,015-share 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 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 Truong Kristina
Role Chief Accounting Officer
Type Security Shares Price Value
Tax Withholding Common Stock 1,015 $6.66 $7K
Holdings After Transaction: Common Stock — 314,354 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 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.
Tax-withheld shares 1,015 shares Common stock withheld to satisfy tax obligations on RSU vesting
Withholding price $6.66 per share Price used for 1,015 withheld shares in tax-withholding disposition
Shares after transaction 314,354 shares Total Enovix common shares directly held following tax withholding
RSUs issuable 218,694 shares Shares issuable upon future vesting and settlement of RSUs
PRSUs March 2027 2,489 PRSUs Vested performance RSUs scheduled for release in March 2027
PRSUs April 2027-2028 35,278 PRSUs Vested performance RSUs, half releasing April 2027 and half April 2028
restricted stock units ("RSUs") financial
"withholding of shares ... 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
"the following vested performance RSUs ("PRSUs"): (i) 2,489 PRSUs, which will be released..."
tax withholding obligations financial
"withholding of shares ... to satisfy tax withholding obligations in connection with the vesting of RSUs."
vesting and settlement financial
"Includes 218,694 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person..."
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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)
06/13/2026
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 Stock06/13/2026F1,015(1)D$6.66314,354(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 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.
Remarks:
/s/ Arthi Chakravarthy, Attorney-in-Fact for Kristina Truong06/16/2026
** 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)

FAQ

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

Enovix reported that Chief Accounting Officer Kristina Truong had 1,015 shares of common stock withheld to cover tax obligations. This was tied to vesting of restricted stock units and is classified as a tax-withholding disposition, not an open-market sale of shares.

Was the Enovix (ENVX) insider transaction an open-market sale of shares?

No, the transaction was not an open-market sale. 1,015 Enovix common shares were withheld at $6.66 per share to satisfy tax withholding obligations related to RSU vesting, a routine equity compensation event rather than a discretionary share sale.

How many Enovix (ENVX) shares does Kristina Truong hold after the transaction?

Following the tax-withholding disposition, Kristina Truong holds 314,354 Enovix common shares directly. This amount includes currently issued shares plus shares issuable upon vesting and settlement of RSUs and vested performance RSUs scheduled for release through 2027 and 2028.

What Enovix (ENVX) RSUs and PRSUs are held by Kristina Truong?

Truong’s position includes 218,694 shares issuable upon vesting and settlement of RSUs and vested performance RSUs. These comprise 2,489 PRSUs scheduled for release in March 2027 and 35,278 PRSUs, half releasing in April 2027 and half in April 2028.

How large was the Enovix (ENVX) tax-withholding share disposition?

The tax-withholding disposition involved 1,015 shares of Enovix common stock at $6.66 per share. These shares were withheld to meet tax obligations arising from RSU vesting, a standard mechanism in stock-based compensation programs rather than a typical stock market trade.