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ENVX Form 4: 15,539 Shares Withheld at $11.11; CEO Retains 2.35M

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Raj Talluri, President and CEO of Enovix Corp (ENVX), reported a transaction on 10/01/2025 in which 15,539 shares of common stock were disposed to satisfy tax withholding related to the vesting of restricted stock units (RSUs) at a price of $11.11 per share. After this withholding, the filing shows the Reporting Person beneficially owns 2,352,762 shares, which includes 1,782,997 shares issuable upon settlement of outstanding RSUs. The Form 4 was signed by an attorney-in-fact on 10/03/2025.

Positive

  • Maintains beneficial ownership of 2,352,762 shares, indicating continued significant stake
  • Includes 1,782,997 RSU-settlement shares, showing continued alignment with long-term compensation

Negative

  • 15,539 shares disposed via withholding to satisfy taxes, reducing outstanding personal shares
  • Transaction price $11.11 reflects the withholding cost basis for this specific tax settlement

Insights

TL;DR: CEO withheld 15,539 shares for taxes; retains substantial stake of 2,352,762 shares.

The Form 4 discloses a tax-withholding sale of 15,539 shares on 10/01/2025 at $11.11 tied to the vesting of RSUs. This is a routine administrative action, not an open-market sale for diversification or liquidity.

The Reporting Person's post-transaction beneficial ownership is 2,352,762 shares, including 1,782,997 RSU-settlement shares, which indicates continued significant economic exposure to the company's equity.

Insider Talluri Rajendra K
Role President and CEO
Type Security Shares Price Value
Tax Withholding Common Stock 15,539 $11.11 $173K
Holdings After Transaction: Common Stock — 2,352,762 shares (Direct)
Footnotes (1)
  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") on October 1, 2025. Each RSU represents a contingent right to receive one share of the Issuer's common stock. Includes 1,782,997 shares issuable upon the settlement of RSUs granted to the Reporting Person.
Form 4 Insider Transactions: What Each Field Means →
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 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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025
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 10/01/2025 F 15,539(1) D $11.11 2,352,762(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") on October 1, 2025. Each RSU represents a contingent right to receive one share of the Issuer's common stock.
2. Includes 1,782,997 shares issuable upon the settlement of RSUs granted to the Reporting Person.
Remarks:
/s/ Arthi Chakravarthy, Attorney-in-Fact for Raj Talluri 10/03/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Enovix CEO Raj Talluri report on Form 4 (ENVX)?

He reported the withholding disposition of 15,539 shares on 10/01/2025 to satisfy tax withholding for RSU vesting.

How many Enovix (ENVX) shares does the Reporting Person beneficially own after the transaction?

The filing shows beneficial ownership of 2,352,762 shares following the reported transaction.

At what price were the withheld Enovix shares recorded?

The shares withheld for taxes were recorded at a price of $11.11 per share.

When was the Form 4 signed for this Enovix transaction?

The Form 4 was signed by an attorney-in-fact on 10/03/2025.