Tax withholding trims Enovix (ENVX) CEO stake, large RSU pool remains

Rhea-AI Filing Summary

Enovix Corp President and CEO Rajendra K. Talluri had shares withheld to cover taxes tied to equity compensation. On April 8, 2026, 17,960 shares of common stock were disposed of at $5.73 per share to satisfy tax withholding obligations upon vesting of restricted stock units, not through an open-market sale. Following this tax-withholding disposition, he directly holds 3,097,796 shares, including 2,072,731 shares issuable from RSUs and additional performance RSUs scheduled for release between March 2027 and April 2028.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Talluri Rajendra K

Role President and CEO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	17,960	$5.73	$103K

Holdings After Transaction: Common Stock — 3,097,796 shares (Direct)

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 2,072,731 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as: (i) 47,775 vested performance restricted stock units ("PRSUs"), which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 259,611 PRSUs, 50% of which will be released in April 2027, with the remainder to be released in April 2028. Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.

Key Figures

Tax-withheld shares: 17,960 shares Withholding price: $5.73 per share Shares held after transaction: 3,097,796 shares +3 more

6 metrics

Tax-withheld shares 17,960 shares Withheld on April 8, 2026 to satisfy tax obligations

Withholding price $5.73 per share Value used for the 17,960-share tax-withholding disposition

Shares held after transaction 3,097,796 shares Direct common stock holdings following the tax-withholding event

RSUs issuable 2,072,731 shares Shares issuable upon vesting and settlement of RSUs

Vested PRSUs 47,775 units Performance RSUs to be released in March 2027

Additional PRSUs 259,611 units PRSUs to be released 50% in April 2027, remainder in April 2028

Key Terms

restricted stock units ("RSUs"), performance restricted stock units ("PRSUs"), tax withholding obligations, vesting and settlement

4 terms

restricted stock units ("RSUs") financial

"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 restricted stock units ("PRSUs") financial

"Includes 2,072,731 shares issuable upon the vesting and settlement of RSUs ... performance restricted stock units ("PRSUs"),"

tax withholding obligations financial

"to satisfy tax withholding obligations in connection with the vesting of restricted stock units"

vesting and settlement financial

"shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person"

Form 4 Insider Transactions: What Each Field Means →

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
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^*

Talluri Rajendra K

(Last) (First) (Middle)

C/O ENOVIX CORPORATION

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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/08/2026		F		17,960(1)	D	$5.73	3,097,796(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").

2. Includes 2,072,731 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as: (i) 47,775 vested performance restricted stock units ("PRSUs"), which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 259,611 PRSUs, 50% of which will be released in April 2027, with the remainder to be released in April 2028. 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 Raj Talluri	04/14/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Enovix (ENVX) CEO Rajendra K. Talluri report in this Form 4?

He reported a tax-withholding disposition of 17,960 Enovix shares at $5.73 per share. The shares were withheld to satisfy tax obligations when restricted stock units vested, rather than being sold in the open market, and his overall equity stake remains substantial.

How many Enovix (ENVX) shares does the CEO hold after this tax-withholding event?

After the transaction, Rajendra K. Talluri directly holds 3,097,796 Enovix common shares. This figure includes a significant component of shares tied to equity awards, such as restricted stock units and performance-based RSUs that will settle into shares in future years.

Was the Enovix (ENVX) CEO’s Form 4 transaction an open-market sale?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. The 17,960 shares were withheld automatically to cover tax liabilities from vesting restricted stock units, a common administrative mechanism that does not reflect a discretionary decision to sell shares.

What Enovix (ENVX) equity awards are outstanding for the CEO after this filing?

His holdings include 2,072,731 shares issuable upon vesting and settlement of RSUs, 47,775 vested performance RSUs to be released in March 2027, and 259,611 additional performance RSUs scheduled for release in two equal installments in April 2027 and April 2028.

How large is the tax-withholding disposition relative to the Enovix (ENVX) CEO’s stake?

The 17,960 shares withheld for taxes are small relative to his 3,097,796-share post-transaction position. This indicates a routine tax-related adjustment to his equity holdings rather than a major change in his overall economic exposure to Enovix stock.