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Enovix (NASDAQ: ENVX) CFO logs RSU bonus grant and tax-share withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Enovix Corp Chief Financial Officer Ryan A. Benton reported routine equity compensation activity involving restricted stock units (RSUs). On May 29, 2026, he received 5,103 shares of common stock as a fully vested RSU award bonus for the quarter ended April 5, 2026, and 2,703 shares were withheld to cover related tax obligations. Following these transactions, he directly owned 928,071 shares of Enovix common stock, including 848,005 shares issuable upon future vesting and settlement of RSUs. These events reflect compensation and tax withholding mechanics, not open-market stock purchases or sales.

Positive

  • None.

Negative

  • None.
Insider Benton Ryan A
Role Chief Financial Officer
Type Security Shares Price Value
Grant/Award Common Stock 5,103 $0.00 --
Tax Withholding Common Stock 2,703 $7.98 $22K
Holdings After Transaction: Common Stock — 928,071 shares (Direct, null)
Footnotes (1)
  1. Reflects shares of the Issuer's common stock issued to the Reporting Person upon the receipt of a fully vested award of restricted stock units ("RSUs") on May 29, 2026. The RSUs represented the Reporting Person's award bonus earned for the quarter ended April 5, 2026. Includes 848,005 shares issuable upon vesting and settlement of RSUs granted to the Reporting Person. Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the receipt of the fully vested award of RSUs on May 29, 2026.
RSU shares granted 5,103 shares Fully vested RSU award bonus for quarter ended April 5, 2026
Shares withheld for taxes 2,703 shares Tax withholding on RSU award settled May 29, 2026
Withholding reference price $7.98 per share Value used for tax-withholding disposition on May 29, 2026
Shares owned after RSU grant 928,071 shares Total Enovix common stock directly held after May 29, 2026 transactions
Unvested RSUs outstanding 848,005 shares Shares issuable upon future vesting and settlement of RSUs
Net buy/sell shares 0 shares transactionSummary netBuySellShares shows neutral net open-market activity
restricted stock units ("RSUs") financial
"Reflects shares of the Issuer's common stock issued ... upon the receipt of a fully vested award of restricted stock units ("RSUs") on May 29, 2026."
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.
vesting and settlement financial
"Includes 848,005 shares issuable upon vesting and settlement of RSUs granted to the Reporting Person."
tax withholding obligations financial
"Reflects the withholding of shares ... to satisfy tax withholding obligations in connection with the receipt of the fully vested award of RSUs on May 29, 2026."
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Form 4 Insider Transactions: What Each Field Means →
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*
Benton Ryan A
(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 Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026		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 Stock05/29/2026A5,103(1)A$0928,071(2)D
Common Stock05/29/2026F2,703(3)D$7.98925,368(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 shares of the Issuer's common stock issued to the Reporting Person upon the receipt of a fully vested award of restricted stock units ("RSUs") on May 29, 2026. The RSUs represented the Reporting Person's award bonus earned for the quarter ended April 5, 2026.
2. Includes 848,005 shares issuable upon vesting and settlement of RSUs granted to the Reporting Person.
3. Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the receipt of the fully vested award of RSUs on May 29, 2026.
Remarks:
/s/ Arthi Chakravarthy, Attorney-in-Fact for Ryan Benton06/02/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Enovix (ENVX) CFO Ryan Benton report?

Enovix CFO Ryan Benton reported a routine RSU compensation event and related tax withholding. He received 5,103 fully vested RSU shares on May 29, 2026, and 2,703 shares were withheld to satisfy tax obligations, with no open-market buying or selling involved.

How many Enovix (ENVX) shares did the CFO receive from RSUs?

Ryan Benton received 5,103 shares of Enovix common stock from a fully vested RSU award. The award represented his bonus for the quarter ended April 5, 2026, and was delivered as stock rather than cash, reflecting standard equity compensation practice.

Why were some Enovix (ENVX) shares disposed of in this Form 4?

The 2,703 shares reported as a disposition were withheld to cover tax withholding obligations on the RSU award. This F-code transaction is a non-market tax-withholding mechanism, not an open-market sale, and is common when stock-based bonuses vest.

What are Ryan Benton’s Enovix (ENVX) holdings after these transactions?

After these transactions, Ryan Benton directly held 928,071 shares of Enovix common stock. This total includes 848,005 shares that are issuable upon the future vesting and settlement of RSUs previously granted as part of his equity compensation package.

Were Enovix (ENVX) CFO transactions open-market buys or sells?

No open-market buys or sells occurred in this filing. The Form 4 shows an RSU grant credited as 5,103 shares at zero price and 2,703 shares withheld for taxes, reflecting compensation and tax treatment rather than discretionary trading in Enovix stock.

What period did the Enovix (ENVX) RSU bonus cover for the CFO?

The RSU bonus covered the quarter ended April 5, 2026. The fully vested RSUs were settled in 5,103 shares of Enovix common stock on May 29, 2026, providing stock-based bonus compensation for that completed quarterly performance period.