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Enovix Corp (ENVX) CEO withholds 4,300 shares to cover RSU tax liability

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

Rhea-AI Filing Summary

Enovix Corp President and CEO Rajendra K. Talluri reported a Form 4 transaction involving company common stock. On 2026-08-08, 4,300 shares of common stock were disposed of at $4.70 per share to satisfy tax withholding obligations arising from the vesting of restricted stock units. This was recorded as a payment of tax liability by delivering or withholding securities, not as an open-market sale. Following this transaction, Talluri directly held 2,958,373 shares of common stock, which includes 1,793,619 shares issuable upon vesting and settlement of RSUs, 47,775 vested PRSUs scheduled for release in March 2027, and an additional 259,611 PRSUs scheduled for releases in April 2027 and April 2028.

Positive

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Negative

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Insider Talluri Rajendra K
Role President and CEO
Type Security Shares Price Value
Tax Withholding Common Stock F1, F2 4,300 $4.70 $20K
Holdings After Transaction: Common Stock — 2,958,373 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 1,793,619 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as: (i) 47,775 vested performance restricted stock units ("PRSUs"), which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 259,611 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.
Shares disposed for tax withholding 4,300 shares Common stock withheld on 2026-08-08 to satisfy tax obligations on RSU vesting
Disposition price per share $4.70 per share Value used for withholding of 4,300 common shares for tax liability
Shares held after transaction 2,958,373 shares Total direct Enovix common stock holdings reported following the Form 4 transaction
RSUs included in holdings 1,793,619 shares Shares issuable upon vesting and settlement of RSUs granted to the reporting person
Vested PRSUs to be released 47,775 PRSUs Vested performance RSUs scheduled for release in March 2027
Additional PRSUs outstanding 259,611 PRSUs Performance RSUs with 50% to be released in April 2027 and remainder in April 2028
restricted stock units ("RSUs") financial
"Reflects the withholding of shares ... in connection with the vesting of restricted stock units ("RSUs")."
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.
performance restricted stock units ("PRSUs") financial
"Includes 1,793,619 shares issuable ... and (i) 47,775 vested performance restricted stock units ("PRSUs"),"
tax withholding obligations financial
"Reflects the withholding of shares ... to satisfy tax withholding obligations in connection with the vesting of RSUs."
contingent right financial
"Each PRSU represents a contingent right to receive one share of the Issuer's common stock"

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FAQ

What did Enovix (ENVX) CEO Rajendra Talluri report on this Form 4?
Rajendra K. Talluri reported a disposition of 4,300 Enovix common shares on 2026-08-08. The shares were withheld to cover tax obligations related to vesting RSUs, not sold in the open market.

How many Enovix (ENVX) shares did the CEO dispose of for tax withholding?
The CEO had 4,300 shares of Enovix common stock withheld at $4.70 per share. This was to satisfy tax withholding obligations in connection with vesting restricted stock units (RSUs).

How many Enovix (ENVX) shares does the CEO hold after this Form 4 transaction?
After the transaction, Rajendra K. Talluri directly held 2,958,373 Enovix shares. This total includes RSUs and PRSUs that will convert into common shares upon future vesting and settlement dates.

What equity awards are included in the Enovix (ENVX) CEO’s reported holdings?
Holdings include 1,793,619 shares issuable upon RSU vesting, 47,775 vested PRSUs to be released in March 2027, and 259,611 PRSUs scheduled for release in April 2027 and April 2028.

Was the Enovix (ENVX) CEO’s Form 4 transaction an open-market sale?
No. The Form 4 describes the action as payment of tax liability by delivering or withholding securities related to RSU vesting, rather than a discretionary open-market share sale.

Does this Enovix (ENVX) Form 4 involve any derivative securities?
No derivative transactions are listed. The filing reports only a non-derivative common stock disposition for tax withholding, while RSUs and PRSUs are described as underlying equity awards in the footnotes.
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*
Talluri Rajendra K
(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President and CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/08/2026		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 Stock08/08/2026F4,300(1)D$4.72,958,373(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 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 1,793,619 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as: (i) 47,775 vested performance restricted stock units ("PRSUs"), which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 259,611 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, Attorney-in-Fact for Raj Talluri08/11/2026
** 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