Enovix (ENVX) COO Reports RSU Tax Withholding on Form 4

Enovix Corporation’s Chief Operating Officer, Ajay Marathe, reported an automatic share withholding related to equity compensation.

Rhea-AI Filing Summary

Enovix Corporation’s Chief Operating Officer, Ajay Marathe, reported an automatic share withholding related to equity compensation. On November 14, 2025, 7,338 shares of Enovix common stock were withheld at $8.03 per share to cover tax obligations arising from the vesting of restricted stock units (RSUs). After this transaction, Marathe beneficially owned 986,518 shares, including 743,818 shares tied to unvested RSUs and 33,170 vested performance RSUs (PRSUs). Half of these PRSUs are scheduled for release on March 2, 2026, with the remaining half on March 1, 2027, each representing a right to receive one share upon settlement.

Insider Trade Summary

Exercise Price or Tax Liability: 7,338 shares

Exercise Price or Tax Liability 1 txn

Insider Marathe Ajay

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	7,338	$8.03	$59K

Holdings After Transaction: Common Stock — 986,518 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") on November 14, 2025. Each RSU represents a contingent right to receive one share of the Issuer's common stock
2. F2. Includes 743,818 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person and 33,170 shares of vested performance RSUs ("PRSUs"), of which 50% will be released in on March 2, 2026 and the remaining 50% will be released on March 1, 2027. Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.

FAQ

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

What did Enovix (ENVX) disclose in this Form 4 filing?

The filing shows that COO Ajay Marathe had 7,338 Enovix shares withheld on November 14, 2025 to satisfy tax withholding obligations from RSU vesting.

How many Enovix (ENVX) shares does the COO own after this transaction?

After the transaction, COO Ajay Marathe beneficially owned 986,518 Enovix common shares, including RSU and PRSU-based rights to receive shares.

What is the nature of the 7,338 Enovix shares reported as disposed of?

The 7,338 Enovix shares were withheld by the issuer at $8.03 per share to cover tax withholding in connection with the vesting of restricted stock units (RSUs).

What RSU holdings for Enovix (ENVX) are disclosed for the COO?

The filing states that the COO has 743,818 shares issuable upon vesting and settlement of RSUs, each RSU representing a right to receive one Enovix common share.

What performance RSUs (PRSUs) does the Enovix COO hold and when are they released?

The COO holds 33,170 vested performance RSUs (PRSUs). 50% are scheduled to be released on March 2, 2026 and the remaining 50% on March 1, 2027.

What is the position of the reporting person at Enovix (ENVX)?

The reporting person, Ajay Marathe, is identified as an Officer of Enovix, serving as the company’s Chief Operating Officer.

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

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Accepted by SEC EDGAR 11/18/2025 - 04:40 PM 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^*

Marathe Ajay

(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 Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/14/2025

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	11/14/2025		F		7,338(1)	D	$8.03	986,518(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 November 14, 2025. Each RSU represents a contingent right to receive one share of the Issuer's common stock

2. Includes 743,818 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person and 33,170 shares of vested performance RSUs ("PRSUs"), of which 50% will be released in on March 2, 2026 and the remaining 50% will be released on March 1, 2027. 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 Ajay Marathe	11/18/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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