ENVX: Chief Legal Officer withholds 3,331 RSU shares; 321,539 RSUs issuable

Rhea-AI Filing Summary

Enovix Corp insider Arthi Chakravarthy, the company's Chief Legal Officer, reported a transaction on 10/01/2025 tied to the vesting of restricted stock units. A total of 3,331 shares of Enovix common stock were surrendered to satisfy tax withholding at an effective price of $11.11 per share. After that withholding, the reporting person is shown as beneficially owning 431,472 shares in total.

The reported beneficial ownership includes 321,539 shares that remain issuable upon settlement of outstanding RSUs, indicating a sizeable portion of the holding is tied to unvested equity awards rather than fully issued shares.

Positive

• Continued substantial beneficial ownership of 431,472 shares, indicating alignment with shareholder interests
• 321,539 shares are tied to RSUs, showing ongoing equity-based retention incentives

Negative

• 3,331 shares were surrendered for tax withholding, resulting in a reduction of immediately owned shares
• Large portion of ownership is unissued RSUs, so actual liquid shareholding is lower than the headline number

Insights

Corporate Insider / Governance Analyst

Insider tax-withholding sale after RSU vesting; substantial remaining exposure.

The report shows 3,331 shares were disposed of via withholding to satisfy taxes on RSU vesting, recorded with a transaction code indicating a withholding disposition. This is a routine executive tax-related sale rather than an open-market sale.

The reporting person's total beneficial position of 431,472 shares includes 321,539 RSU-settled shares, so a large portion remains tied to future settlement of equity awards, maintaining continued alignment with the company.

Equity Compensation Specialist

Most disclosed holdings are unissued RSUs; exercise/settlement risk and timing matter.

The filing explicitly states that 321,539 shares are issuable upon settlement of RSUs, meaning the reported beneficial ownership count includes contingent awards rather than only outstanding shares. For investors, this clarifies that apparent ownership depends on future RSU settlement events.

The transaction price of $11.11 reflects the tax-withholding mechanics and not an open-market disposition price; the filing does not disclose any open-market sell orders or 10b5-1 plan.

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

OMB APPROVAL

OMB Number:			3235-0287
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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^*

Chakravarthy Arthi

(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 Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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	10/01/2025		F		3,331(1)	D	$11.11	431,472(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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") on October 1, 2025. Each RSU represents a contingent right to receive one share of the Issuer's common stock.

2. Includes 321,539 shares issuable upon the settlement of RSUs granted to the Reporting Person.

Remarks:

	/s/ Arthi Chakravarthy	10/03/2025
	** 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).
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FAQ

What transaction did Enovix (ENVX) insider Arthi Chakravarthy report?

The reporting person disclosed the withholding of 3,331 shares to satisfy tax obligations related to RSU vesting; the transaction date was 10/01/2025.

How many Enovix shares does Arthi Chakravarthy beneficially own after the transaction?

The Form 4 shows beneficial ownership of 431,472 shares following the reported transaction.

How many of the reported shares are issuable upon settlement of RSUs?

The filing states that 321,539 shares are issuable upon settlement of restricted stock units granted to the reporting person.

What price is shown for the withheld shares on the Form 4?

The withheld shares are reported with a price of $11.11 per share.

Was the disposition an open-market sale or a withholding for taxes?

The filing explains the 3,331 shares were withheld to satisfy tax withholding obligations in connection with RSU vesting, not an open-market sale.