Enovix (NASDAQ: ENVX) COO has 8,087 shares withheld for taxes in Form 4

Rhea-AI Filing Summary

Enovix Corp Chief Operating Officer Ajay Marathe reported an automatic share withholding tied to equity compensation. On January 14, 2026, 8,087 shares of Enovix common stock were withheld at $8.21 per share to satisfy tax withholding obligations arising from the vesting of restricted stock units.

After this transaction, Marathe beneficially owns 919,334 Enovix shares. This figure includes 613,299 shares issuable upon future vesting and settlement of RSUs granted to him and 33,170 vested performance RSUs. Half of these performance RSUs are scheduled to be released on March 2, 2026, and the remaining half on March 1, 2027, with each PRSU representing a contingent right to receive one share of Enovix common stock.

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)
01/14/2026

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	01/14/2026		F		8,087(1)	D	$8.21	919,334(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").

2. Includes 613,299 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	01/16/2026
	** 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.

FAQ

What insider transaction did Enovix (ENVX) report in this Form 4?

The Form 4 reports that Chief Operating Officer Ajay Marathe had 8,087 shares of Enovix common stock withheld on January 14, 2026 at $8.21 per share to satisfy tax withholding obligations related to the vesting of restricted stock units.

Who is the reporting person in this Enovix (ENVX) Form 4 filing?

The reporting person is Ajay Marathe, who serves as Chief Operating Officer of Enovix Corp and filed the Form 4 as an officer and sole reporting person.

How many Enovix (ENVX) shares does Ajay Marathe report owning after the transaction?

Following the reported tax withholding transaction, Ajay Marathe reports beneficial ownership of 919,334 shares of Enovix common stock.

Why were 8,087 Enovix (ENVX) shares withheld from Ajay Marathe?

According to the footnote, the 8,087 shares were withheld to satisfy tax withholding obligations in connection with the vesting of restricted stock units granted to Ajay Marathe.

What RSUs and PRSUs are included in Ajay Marathe’s reported Enovix (ENVX) holdings?

Marathe’s reported holdings include 613,299 shares issuable upon the vesting and settlement of RSUs and 33,170 vested performance RSUs, each representing a contingent right to receive one share of Enovix common stock upon settlement.

When will Ajay Marathe’s vested performance RSUs in Enovix (ENVX) be released?

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