Enovix (ENVX) CEO Talluri has 17,959 shares withheld to cover RSU tax bill

Rhea-AI Filing Summary

Enovix Corp President and CEO Rajendra K. Talluri reported routine tax-withholding share dispositions tied to equity vesting. On July 8, 2026, a total of 17,959 shares of common stock were withheld at $5.13 per share to satisfy tax obligations upon vesting of restricted stock units. Following these transactions, Talluri continues to hold roughly about 3 million shares directly, including large amounts issuable from vested and unvested RSUs and performance RSUs.

Insights

Equity Compensation Analyst

CEO’s Form 4 shows routine tax withholding on equity vesting, not open-market selling.

The reporting shows Rajendra K. Talluri, President and CEO of Enovix Corp, having 17,959 common shares withheld on July 8, 2026. The tax-withholding code F and footnote language link these disposals to RSU vesting, so they are compensation mechanics rather than discretionary market sales.

Even after the withholding, Talluri’s position remains large, with millions of shares held or issuable, including 1,843,194 shares from RSUs and 259,611 Earned PRSUs across future vesting dates extending into 2028. This indicates continued substantial equity exposure aligned with shareholders, while the transactions themselves mainly reflect tax compliance.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Talluri Rajendra K

Role President and CEO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	13,658	$5.13	$70K
Tax Withholding	Common Stock	4,301	$5.13	$22K

Holdings After Transaction: Common Stock — 2,984,625 shares (Direct, null)

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"). Includes 1,843,194 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 (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. Includes 1,835,073 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as the Earned PRSUs.

Key Figures

Tax-withheld shares total: 17,959 shares First withholding lot: 4,301 shares at $5.13 Second withholding lot: 13,658 shares at $5.13 +4 more

7 metrics

Tax-withheld shares total 17,959 shares Shares of common stock withheld for tax obligations on July 8, 2026

First withholding lot 4,301 shares at $5.13 Common stock withheld with transaction code F on July 8, 2026

Second withholding lot 13,658 shares at $5.13 Common stock withheld with transaction code F on July 8, 2026

Shares following first transaction 2,980,324 shares Total common shares directly owned after the 4,301-share withholding

RSUs issuable to CEO 1,843,194 shares Shares issuable upon vesting and settlement of RSUs granted to the reporting person

Vested PRSUs to be released 47,775 PRSUs Vested PRSUs scheduled for release in March 2027

Earned PRSUs aggregate 259,611 PRSUs Earned PRSUs with 50% to be released April 2027 and remainder April 2028

Key Terms

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

4 terms

restricted stock units ("RSUs") financial

"withholding of shares ... to satisfy tax withholding obligations 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

"47,775 vested performance restricted stock units ("PRSUs"), which will be released ..."

Earned PRSUs financial

"the foregoing PRSUs collectively referred to as the "Earned PRSUs"."

tax withholding obligations financial

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/10/2026 - 06:45 PM Accepted by SEC EDGAR 07/10/2026 - 06:44 PM Learn about SEC filing dates

FAQ

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

The filing reports that 17,959 shares of Enovix common stock were withheld on July 8, 2026 to cover tax obligations related to vesting restricted stock units, rather than open-market sales.

Were the ENVX CEO’s Form 4 transactions open-market sales of stock?

No, both transactions are coded F, indicating tax-withholding dispositions. Shares were delivered to satisfy tax liabilities from RSU vesting, not sold in the open market.

How many Enovix (ENVX) shares were withheld for taxes in this CEO filing?

A total of 17,959 shares of Enovix common stock were withheld, consisting of 4,301 shares and 13,658 shares, each priced at $5.13 per share for tax purposes.

What is the Enovix (ENVX) CEO’s share position after these reported transactions?

After the reported tax-withholding dispositions, the Form 4 shows direct ownership of approximately about 3 million shares, including shares already held and substantial amounts issuable from RSUs and PRSUs.

What equity awards does the Enovix (ENVX) CEO hold according to this Form 4?

The filing notes 1,843,194 shares issuable upon vesting of RSUs, plus 47,775 vested PRSUs deliverable in March 2027 and 259,611 Earned PRSUs scheduled for release in April 2027 and April 2028.

What does the footnote about Earned PRSUs mean for Enovix (ENVX) CEO holdings?

The footnote explains that Earned performance restricted stock units (PRSUs) represent a contingent right to receive one share of Enovix common stock per PRSU upon settlement in 2027 and 2028.

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)
07/08/2026

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	07/08/2026		F		13,658(1)	D	$5.13	2,984,625(2)	D
Common Stock	07/08/2026		F		4,301(1)	D	$5.13	2,980,324(3)	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 1,843,194 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 (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. Includes 1,835,073 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as the Earned PRSUs.

Remarks:

	/s/ Arthi Chakravarthy, Attorney-in-Fact for Raj Talluri	07/10/2026
	** 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)