Enovix (ENVX) legal chief covers RSU taxes, holds 581K shares

Rhea-AI Filing Summary

For Enovix Corp (ENVX), Chief Legal Officer Arthi Chakravarthy reported a disposition of 2,221 shares of common stock on 2026-08-24. The shares were withheld to satisfy tax withholding obligations arising from the vesting of restricted stock units, rather than sold in the open market. Following this tax-withholding transaction, Chakravarthy directly holds 581,314 shares of Enovix common stock, including a substantial number of unvested and performance-based stock units scheduled to settle between 2027 and 2028.

Insider Trade Summary

Net Seller: 2,221 shares

Net Sell 1 txn

Insider Chakravarthy Arthi

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1, F2	2,221	$3.27	$7K

Holdings After Transaction: Common Stock — 581,314 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 347,395 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as: (i) 10,393 vested performance restricted stock units ("PRSUs"), which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 58,500 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

Shares withheld for taxes: 2,221 shares Reference value per share: $3.27 per share Shares held after transaction: 581,314 shares +3 more

6 metrics

Shares withheld for taxes 2,221 shares Common stock withheld on 2026-08-24 to satisfy tax withholding obligations from RSU vesting

Reference value per share $3.27 per share Value applied to the 2,221-share tax-withholding disposition

Shares held after transaction 581,314 shares Direct Enovix common stock holdings following the 2026-08-24 transaction

RSUs included in holdings 347,395 shares issuable Shares issuable upon vesting and settlement of RSUs granted to the reporting person

Vested PRSUs to be released 10,393 PRSUs Vested performance restricted stock units scheduled for release in March 2027

Aggregate PRSUs outstanding 58,500 PRSUs Performance restricted stock units with releases in April 2027 and April 2028

Key Terms

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

3 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 347,395 shares issuable ... and (ii) an aggregate of 58,500 PRSUs..."

tax withholding obligations financial

"withholding of shares of the Issuer's common stock to satisfy tax withholding obligations"

FAQ

What transaction did Enovix (ENVX) report for Arthi Chakravarthy on August 24, 2026?

On 2026-08-24, Enovix reported that Chief Legal Officer Arthi Chakravarthy had 2,221 shares of common stock withheld to cover tax withholding obligations related to vesting restricted stock units, at a reference value of $3.27 per share.

Was the August 24, 2026 Enovix (ENVX) Form 4 transaction an open-market sale?

No. The Form 4 states the transaction was a Code F event, reflecting withholding of shares of Enovix common stock to satisfy tax withholding obligations from RSU vesting, rather than an open-market sale.

How many Enovix (ENVX) shares does Arthi Chakravarthy hold after this Form 4 transaction?

After the 2,221-share tax-withholding disposition, Arthi Chakravarthy directly holds 581,314 shares of Enovix common stock, as reported in the Form 4’s post-transaction holdings figure.

What RSU and PRSU awards for Enovix (ENVX) are included in Arthi Chakravarthy’s holdings?

Holdings include 347,395 shares issuable upon RSU vesting and settlement, 10,393 vested PRSUs to be released in March 2027, and an aggregate of 58,500 PRSUs, half scheduled for release in April 2027 and half in April 2028.

What does transaction code F mean in the Enovix (ENVX) Form 4 for Arthi Chakravarthy?

Transaction code F indicates payment of tax liability by delivering or withholding securities. The Form 4 footnote explains that the 2,221 shares of Enovix common stock were withheld to satisfy tax withholding obligations upon RSU vesting.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/26/2026 - 07:03 PM Accepted by SEC EDGAR 08/26/2026 - 07:02 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^*

Chakravarthy Arthi

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/24/2026

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	08/24/2026		F		2,221(1)	D	$3.27	581,314(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 347,395 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as: (i) 10,393 vested performance restricted stock units ("PRSUs"), which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 58,500 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	08/26/2026
	** 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)