Enovix (ENVX) COO logs RSU tax share withholding, holds 927,421

Rhea-AI Filing Summary

Enovix Corporation’s Chief Operating Officer, Ajay Marathe, reported routine share withholding tied to equity compensation. On January 8, 2026, 1,493 and 4,544 shares of common stock were withheld at $7.91 per share to cover tax obligations arising from vesting restricted stock units (RSUs).

After these transactions, Marathe directly holds 927,421 shares of Enovix common stock. This figure includes 635,639 shares issuable upon future RSU vesting and 33,170 vested performance RSUs, with half scheduled for release on March 2, 2026 and the remainder on March 1, 2027. These movements reflect administrative tax withholding rather than discretionary open‑market trades.

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

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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)
01/08/2026

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	01/08/2026		F		1,493(1)	D	$7.91	931,965(2)	D
Common Stock	01/08/2026		F		4,544(1)	D	$7.91	927,421(3)	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 635,639 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.

3. Includes 627,182 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person and 33,170 shares of vested PRSUs.

Remarks:

	/s/ Arthi Chakravarthy, Attorney-in-Fact for Ajay Marathe	01/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider activity did Enovix (ENVX) report for its COO?

Ajay Marathe, Enovix’s Chief Operating Officer, reported two transactions where shares of common stock were withheld to cover taxes due on the vesting of restricted stock units.

How many Enovix shares were withheld for taxes in this Form 4?

A total of 1,493 shares and 4,544 shares of Enovix common stock were withheld on January 8, 2026 at a price of $7.91 per share to satisfy tax withholding obligations.

How many Enovix shares does COO Ajay Marathe hold after these transactions?

Following the reported withholding transactions, Ajay Marathe directly beneficially owns 927,421 shares of Enovix common stock.

What RSU and PRSU awards are included in the Enovix COO’s share holdings?

The holdings include 635,639 shares issuable upon vesting and settlement of RSUs and 33,170 vested performance RSUs, each representing a right to receive one Enovix share upon settlement.

When will the Enovix COO’s vested performance RSUs be released?

Of the 33,170 vested performance RSUs, 50% are scheduled to be released on March 2, 2026 and the remaining 50% on March 1, 2027.

Were these Enovix insider transactions open-market sales?

No. The filing states the share movements reflect withholding of Enovix common stock to satisfy tax withholding obligations related to vesting RSUs, rather than discretionary open-market sales.