Was the Enovix (ENVX) CEO’s reported share disposition an open-market sale?

No, the reported disposition was not an open-market sale. The 17,651 Enovix common shares were withheld by the company to satisfy tax withholding obligations tied to the vesting of restricted stock units granted to the CEO.

Enovix (ENVX) CEO has 17,651 shares withheld to cover RSU taxes

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Enovix Corp President and CEO Rajendra K. Talluri reported a routine tax-related share disposition. On the transaction date, 17,651 shares of common stock were withheld at $6.62 per share to cover tax obligations tied to the vesting of restricted stock units.

After this withholding, he directly holds 3,080,145 shares of Enovix common stock. This total includes 2,039,397 shares issuable upon future RSU vesting and settlement, 47,775 vested performance RSUs scheduled for release in March 2027, and 259,611 additional performance RSUs scheduled for release in April 2027 and April 2028.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Talluri Rajendra K

Role President and CEO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	17,651	$6.62	$117K

Holdings After Transaction: Common Stock — 3,080,145 shares (Direct, null)

Footnotes (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"). Includes 2,039,397 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.

Key Figures

Tax withholding shares: 17,651 shares Withholding price: $6.62 per share Shares after transaction: 3,080,145 shares +3 more

6 metrics

Tax withholding shares 17,651 shares Shares withheld to satisfy RSU tax obligations

Withholding price $6.62 per share Value used for tax-withholding disposition

Shares after transaction 3,080,145 shares Direct Enovix common stock holdings after withholding

RSUs issuable 2,039,397 shares Shares issuable upon future RSU vesting and settlement

Vested PRSUs 47,775 units Performance RSUs to be released in March 2027

Additional PRSUs 259,611 units Performance RSUs to be released in April 2027 and April 2028

Key Terms

restricted stock units ("RSUs"), performance restricted stock units ("PRSUs"), tax withholding obligations, vesting and settlement

4 terms

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 ... vested performance restricted stock units ("PRSUs"), which will be released ..."

tax withholding obligations financial

"to satisfy tax withholding obligations in connection with the vesting of restricted stock units"

vesting and settlement financial

"shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person"

Form 4 Insider Transactions: What Each Field Means →

04/21/2026 - 06:44 PM

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

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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/18/2026		F		17,651⁽¹⁾	D	$6.62	3,080,145⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 2,039,397 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 Talluri	04/21/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Enovix (ENVX) CEO Rajendra Talluri report?

Enovix CEO Rajendra Talluri reported a tax-related disposition where 17,651 common shares were withheld at $6.62 per share. These shares covered tax obligations arising from the vesting of restricted stock units, rather than an open-market sale of stock by the executive.

How many Enovix (ENVX) shares does the CEO hold after this transaction?

Following the tax withholding, Enovix CEO Rajendra Talluri directly holds 3,080,145 common shares. This figure includes currently held shares plus shares issuable from vested and unvested RSUs and performance RSUs scheduled to settle in 2027 and 2028.

What equity awards are included in the Enovix (ENVX) CEO’s reported holdings?

The CEO’s reported 3,080,145-share holding includes 2,039,397 shares issuable upon RSU vesting and settlement, 47,775 vested performance RSUs to be released in March 2027, and 259,611 performance RSUs scheduled for release in April 2027 and April 2028.

How large is the Enovix (ENVX) CEO’s tax withholding transaction relative to his position?

The withholding covered 17,651 shares versus total direct holdings of 3,080,145 shares. This indicates the transaction is small relative to his overall equity position and reflects routine tax settlement tied to restricted stock unit vesting.