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Enovix (NASDAQ: ENVX) CAO receives RSU award and has shares withheld for taxes

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

Rhea-AI Filing Summary

Enovix Corp Chief Accounting Officer Kristina Truong reported routine equity compensation activity involving restricted stock units. On May 29, 2026 she received 5,718 shares of common stock from a fully vested RSU award, with 3,028 shares withheld at $7.98 per share to cover tax obligations. After these transactions, she directly held 318,650 shares of Enovix common stock, including shares underlying previously granted RSUs and performance RSUs that will be settled in 2027 and 2028.

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Insider Truong Kristina
Role Chief Accounting Officer
Type Security Shares Price Value
Grant/Award Common Stock 5,718 $0.00 --
Tax Withholding Common Stock 3,028 $7.98 $24K
Holdings After Transaction: Common Stock — 318,650 shares (Direct, null)
Footnotes (1)
  1. Reflects shares of the Issuer's common stock issued to the Reporting Person upon the receipt of a fully vested award of restricted stock units ("RSUs") on May 29, 2026. The RSUs represented the Reporting Person's award bonus earned for the quarter ended April 5, 2026. Includes 221,086 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as the following vested performance RSUs ("PRSUs"): (i) 2,489 PRSUs, which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 35,278 PRSUs, 50% of which will be released in April 2027, with the remainder to be released in April 2028 (the foregoing PRSUs collectively referred to as the "Earned PRSUs"). Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement. Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the receipt of the fully vested award of RSUs on May 29, 2026.
RSU Shares Granted 5,718 shares Fully vested RSU award settled on May 29, 2026
Tax Withholding Shares 3,028 shares Withheld to satisfy tax obligations on May 29, 2026
Withholding Price $7.98 per share Value used for tax-withholding disposition
Shares Held After Transactions 318,650 shares Direct Enovix common stock ownership after Form 4 transactions
RSUs Issuable 221,086 shares Shares issuable upon vesting and settlement of RSUs
Earned PRSUs March 2027 2,489 PRSUs Performance RSUs to be released in March 2027
Earned PRSUs April 2027–2028 35,278 PRSUs Performance RSUs releasing 50% in April 2027 and 50% in April 2028
restricted stock units financial
"Reflects shares of the Issuer's common stock issued ... upon the receipt of a fully vested award of restricted stock units ("RSUs") on May 29, 2026."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"Includes 221,086 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person..."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
performance RSUs financial
"as well as the following vested performance RSUs ("PRSUs"): (i) 2,489 PRSUs..."
Performance RSUs are promises to deliver company shares to executives or employees only if the business meets preset goals such as revenue, profit, stock price, or operational targets. They matter to investors because they align management pay with measurable company results and can affect the number of shares outstanding and future earnings per share once the shares are issued. Think of them as a bonus paid in stock that only arrives if the team hits the agreed milestones.
tax withholding obligations financial
"Reflects the withholding of shares ... to satisfy tax withholding obligations in connection with the receipt of the fully vested award of RSUs..."
contingent right financial
"Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement."
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Form 4 Insider Transactions: What Each Field Means →
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*
Truong Kristina
(Last)(First)(Middle)
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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Accounting Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026		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 Stock05/29/2026A5,718(1)A$0318,650(2)D
Common Stock05/29/2026F3,028(3)D$7.98315,622(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 shares of the Issuer's common stock issued to the Reporting Person upon the receipt of a fully vested award of restricted stock units ("RSUs") on May 29, 2026. The RSUs represented the Reporting Person's award bonus earned for the quarter ended April 5, 2026.
2. Includes 221,086 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as the following vested performance RSUs ("PRSUs"): (i) 2,489 PRSUs, which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 35,278 PRSUs, 50% of which will be released in April 2027, with the remainder to be released in April 2028 (the foregoing PRSUs collectively referred to as the "Earned PRSUs"). Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
3. Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the receipt of the fully vested award of RSUs on May 29, 2026.
Remarks:
/s/ Arthi Chakravarthy, Attorney-in-Fact for Kristina Truong06/02/2026
** 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

FAQ

What insider transactions did Enovix (ENVX) report for Kristina Truong?

Enovix reported that Chief Accounting Officer Kristina Truong received 5,718 shares of common stock from a fully vested RSU award and had 3,028 shares withheld to satisfy tax obligations, both recorded on May 29, 2026 as routine compensation-related transactions.

How many Enovix (ENVX) shares does Kristina Truong hold after this Form 4?

After the reported RSU grant and related tax withholding, Kristina Truong directly holds 318,650 shares of Enovix common stock. This figure includes shares currently owned and shares issuable from previously granted RSUs and performance RSUs scheduled to settle in 2027 and 2028.

Was the Enovix (ENVX) Form 4 a stock sale by Kristina Truong?

The Form 4 does not show an open-market stock sale by Kristina Truong. Instead, 3,028 shares were disposed of through withholding to cover tax obligations linked to a fully vested RSU award, a common non-market mechanism for paying associated taxes.

What type of equity award did Enovix (ENVX) grant to Kristina Truong?

Enovix granted Kristina Truong a fully vested award of restricted stock units representing 5,718 shares of common stock. The filing notes that this RSU award was an award bonus earned for the quarter ended April 5, 2026, and was settled in shares on May 29, 2026.

Does Kristina Truong have additional Enovix (ENVX) shares coming from RSUs or PRSUs?

Yes. The filing states her holdings include 221,086 shares issuable from RSUs plus earned performance RSUs: 2,489 PRSUs to be released in March 2027 and 35,278 PRSUs, half releasing in April 2027 and half in April 2028, each PRSU converting into one share.