Enovix CEO awarded 697,211-share RSU grant

Talluri Rajendra K reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Talluri Rajendra K reported acquisition or exercise transactions in this Form 4 filing.

Enovix Corp President and CEO Rajendra K. Talluri received an equity award of 697,211 shares of common stock in the form of restricted stock units (RSUs) at no cash cost per share. The RSUs will vest in 12 equal quarterly installments starting from April 1, 2026, conditioned on his continued service.

After this grant, Talluri directly holds or has rights to 3,115,756 shares, including 2,106,647 shares issuable upon RSU vesting and settlement, 47,775 vested performance RSUs to be released in March 2027, and 259,611 additional performance RSUs scheduled for release in April 2027 and April 2028.

Insider Trade Summary

Grant/Award: 697,211 shares

Grant/Award 1 txn

Insider Talluri Rajendra K

Role President and CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	697,211	$0.00	$0.00

Holdings After Transaction: Common Stock — 3,115,756 shares (Direct)

Footnotes (2)

1. F1. Reflects shares issuable upon the settlement of restricted stock units ("RSUs") granted to the Reporting Person. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs will vest in 12 equal quarterly installments measured from April 1, 2026, the vesting commencement date, subject to the Reporting Person's continuous service through each applicable vesting date.
2. F2. Includes 2,106,647 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

RSUs granted: 697,211 shares Grant price: $0.0000 per share Post-grant holdings: 3,115,756 shares +4 more

7 metrics

RSUs granted 697,211 shares Restricted stock unit award to CEO on April 1, 2026

Grant price $0.0000 per share Reported price per share for RSU grant

Post-grant holdings 3,115,756 shares Total shares and share rights following transaction

Time-based RSUs outstanding 2,106,647 shares Shares issuable upon RSU vesting and settlement

Vested PRSUs to release 47,775 shares Vested performance RSUs releasing in March 2027

Unreleased PRSUs 259,611 shares Performance RSUs releasing in April 2027 and April 2028

Vesting installments 12 quarterly installments RSU vesting schedule starting April 1, 2026

Key Terms

restricted stock units ("RSUs"), performance restricted stock units ("PRSUs"), vesting commencement date, settlement, +1 more

5 terms

restricted stock units ("RSUs") financial

"Reflects shares issuable upon the settlement of restricted stock units ("RSUs") granted to the Reporting Person."

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 2,106,647 shares issuable upon the vesting and settlement of RSUs ... and (i) 47,775 vested performance restricted stock units ("PRSUs")."

vesting commencement date financial

"The RSUs will vest in 12 equal quarterly installments measured from April 1, 2026, the vesting commencement date."

The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.

settlement financial

"Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement."

Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.

continuous service financial

"subject to the Reporting Person's continuous service through each applicable vesting date."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Enovix (ENVX) CEO Rajendra K. Talluri report in this Form 4?

Enovix CEO Rajendra K. Talluri reported receiving 697,211 restricted stock units (RSUs). These represent rights to receive common shares at no cash cost, subject to a multi-year vesting schedule tied to his continued service with the company.

How do the 697,211 Enovix (ENVX) RSUs granted to the CEO vest?

The 697,211 RSUs granted to the Enovix CEO vest in 12 equal quarterly installments. Vesting is measured from April 1, 2026, and each installment requires Talluri to remain in continuous service through the applicable vesting date to receive the underlying shares.

What are Rajendra K. Talluri’s total Enovix (ENVX) share holdings after this grant?

Following the grant, Talluri holds or has rights to 3,115,756 Enovix shares. This total includes time-based RSUs, vested performance RSUs scheduled for later release, and additional performance RSUs that will be settled in 2027 and 2028 if conditions are met.

What RSU and PRSU awards are included in Enovix (ENVX) CEO’s reported holdings?

Talluri’s reported holdings include 2,106,647 shares issuable upon RSU vesting and settlement. They also include 47,775 vested performance RSUs releasing in March 2027 and 259,611 additional performance RSUs, half releasing in April 2027 and the remainder in April 2028, each for one share.

Does the Enovix (ENVX) CEO pay cash for the 697,211 RSUs reported on Form 4?

No cash payment is required for the 697,211 RSUs, as the reported price per share is zero. These awards function as equity-based compensation, delivering shares over time as vesting conditions tied to Talluri’s continued service are satisfied.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/07/2026 - 07:29 PM Learn about SEC filing dates

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)
04/01/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/01/2026		A		697,211(1)	A	$0	3,115,756(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 shares issuable upon the settlement of restricted stock units ("RSUs") granted to the Reporting Person. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs will vest in 12 equal quarterly installments measured from April 1, 2026, the vesting commencement date, subject to the Reporting Person's continuous service through each applicable vesting date.

2. Includes 2,106,647 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	04/07/2026
	** 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)