Enovix CLO settles tax withholding with shares

Enovix Corp reported that Chief Legal Officer Arthi Chakravarthy had 2,221 shares of common stock withheld on July 24, 2026 at $3.95 per share to cover tax obligations arising from vesting RSUs.

Rhea-AI Filing Summary

Enovix Corp reported that Chief Legal Officer Arthi Chakravarthy had 2,221 shares of common stock withheld on July 24, 2026 at $3.95 per share to cover tax obligations arising from vesting RSUs. After this tax-withholding disposition, Chakravarthy directly holds 584,471 shares, including 353,355 shares issuable from RSUs and multiple PRSU awards scheduled for release between March 2027 and April 2028.

Insider Trade Summary

Tax Withholding: 2,221 shares

Tax Withholding 1 txn

Insider Chakravarthy Arthi

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1, F2	2,221	$3.95	$9K

Holdings After Transaction: Common Stock — 584,471 shares (Direct)

Footnotes (2)

1. F1. 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. F2. Includes 353,355 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as: (i) 10,393 vested performance restricted stock units ("PRSUs"), which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 58,500 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

Shares withheld for taxes: 2,221 shares Withholding price per share: $3.95 per share Shares held after transaction: 584,471 shares +3 more

6 metrics

Shares withheld for taxes 2,221 shares Common stock withheld on July 24, 2026 to satisfy tax obligations on RSU vesting

Withholding price per share $3.95 per share Value used for tax-withholding disposition of 2,221 Enovix common shares

Shares held after transaction 584,471 shares Total direct Enovix common stock beneficially owned by Chakravarthy following the withholding

RSUs outstanding 353,355 shares Shares issuable upon vesting and settlement of RSUs granted to Chakravarthy

Vested PRSUs 10,393 units Vested PRSUs scheduled to be released to Chakravarthy in March 2027

Unreleased PRSUs 58,500 units PRSUs, half to be released in April 2027 and half in April 2028

Key Terms

restricted stock units, performance restricted stock units, tax withholding obligations

3 terms

restricted stock units financial

"Reflects the withholding of shares ... in connection with the vesting of restricted stock units ("RSUs")."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

performance restricted stock units financial

"Includes ... vested performance restricted stock units ("PRSUs"), which will be released ..."

Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.

tax withholding obligations financial

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction involving Enovix (ENVX) and Arthi Chakravarthy was reported?

Chief Legal Officer Arthi Chakravarthy had 2,221 Enovix shares withheld at $3.95 per share on July 24, 2026 to pay tax obligations on vesting RSUs. This was a tax-withholding disposition rather than an open-market purchase or sale.

How many Enovix (ENVX) shares does Arthi Chakravarthy hold after the reported transaction?

After the tax-withholding event, Arthi Chakravarthy directly holds 584,471 Enovix shares. This total includes currently owned common stock plus shares underlying RSUs and PRSUs that are scheduled to vest and settle in future years, extending through April 2028.

Was the Enovix (ENVX) transaction by Arthi Chakravarthy an open-market sale?

No, the transaction was a tax-withholding disposition, not an open-market sale. Shares were withheld by Enovix to satisfy Chakravarthy’s tax obligations triggered by vesting restricted stock units, consistent with the Form 4 code F description.

What RSU holdings for Enovix (ENVX) does Arthi Chakravarthy have after this event?

Chakravarthy’s holdings include 353,355 shares issuable upon vesting and settlement of RSUs. These RSUs represent time-based equity awards that will convert into Enovix common shares upon satisfaction of vesting conditions and settlement terms described in the compensation arrangements.

What performance-based Enovix (ENVX) PRSUs are reported for Arthi Chakravarthy?

Holdings include 10,393 vested PRSUs to be released in March 2027 and an additional 58,500 PRSUs, half scheduled for release in April 2027 and half in April 2028. Each PRSU represents a contingent right to receive one Enovix share upon settlement.

Was the Enovix (ENVX) tax-withholding transaction under a Rule 10b5-1 plan?

The Form 4 indicates the Rule 10b5-1 checkbox is not marked as affirmatively adopted. The transaction is described as a tax-withholding disposition related to RSU vesting, with no additional disclosure tying it to a pre-arranged trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/28/2026 - 06:43 PM EDT Learn about SEC filing dates

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^*

Chakravarthy Arthi

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/24/2026

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	07/24/2026		F		2,221(1)	D	$3.95	584,471(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 353,355 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as: (i) 10,393 vested performance restricted stock units ("PRSUs"), which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 58,500 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	07/28/2026
	** 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)