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ENVX Form 4: CEO holds 2,317,219 shares after RSU vesting

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Enovix (ENVX) reported an insider transaction by President and CEO and Director Raj Talluri tied to restricted stock unit (RSU) vesting. On 10/18/2025, a Form 4 shows a code F transaction reflecting the withholding of 17,618 shares of common stock at $11.21 to satisfy tax obligations from RSU vesting.

Following the transaction, Talluri beneficially owns 2,317,219 shares directly. This figure includes 1,715,747 shares issuable upon settlement of RSUs granted to him and 95,551 vested PRSUs, with 50% scheduled for release on March 2, 2026 and the remaining 50% on March 1, 2027. Each RSU and PRSU represents a contingent right to receive one share upon settlement.

Positive

  • None.

Negative

  • None.
Insider Talluri Rajendra K
Role President and CEO
Type Security Shares Price Value
Tax Withholding Common Stock 17,618 $11.21 $197K
Holdings After Transaction: Common Stock — 2,317,219 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") on October 18, 2025. Each RSU represents a contingent right to receive one share of the Issuer's common stock. Includes 1,715,747 shares issuable upon the settlement of RSUs granted to the Reporting Person and and 95,551 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.
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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 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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
10/18/2025
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 10/18/2025 F 17,618(1) D $11.21 2,317,219(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 18, 2025. Each RSU represents a contingent right to receive one share of the Issuer's common stock.
2. Includes 1,715,747 shares issuable upon the settlement of RSUs granted to the Reporting Person and and 95,551 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 Raj Talluri 10/20/2025
** 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.
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.

Source: View Original Filing on SEC EDGAR

FAQ

What did ENVX CEO Raj Talluri report on Form 4?

A code F transaction on 10/18/2025 for the withholding of 17,618 shares to cover taxes on RSU vesting at a price of $11.21.

How many ENVX shares does the CEO beneficially own after the transaction?

He beneficially owns 2,317,219 shares directly following the reported transaction.

What do the RSU and PRSU amounts include for ENVX’s CEO?

They include 1,715,747 shares issuable upon RSU settlement and 95,551 vested PRSUs.

When will the vested PRSUs for ENVX’s CEO be released?

PRSU releases are scheduled 50% on March 2, 2026 and 50% on March 1, 2027.

What does transaction code F indicate on Form 4?

It indicates shares were withheld to satisfy tax withholding obligations related to an equity award vesting.

What was the price used for the tax withholding shares?

The Form 4 lists a price of $11.21 per share for the 17,618 withheld shares.