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Enovix Corp (ENVX) CAO reports RSU tax withholding in Form 4 filing

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

Rhea-AI Filing Summary

Enovix Corp’s Chief Accounting Officer, Kristina Truong, reported a routine tax-related share withholding on a Form 4. On January 10, 2026, 282 shares of Enovix common stock were withheld at $7.92 per share to cover tax obligations arising from the vesting of restricted stock units (RSUs).

After this transaction, Truong beneficially owned 194,023 shares, which includes 144,031 shares issuable upon future vesting and settlement of RSUs and 4,978 vested performance RSUs (PRSUs). According to the disclosure, 50% of these PRSUs are scheduled to be released on March 2, 2026, with the remaining 50% scheduled for release on March 1, 2027, with each PRSU convertible into one share upon settlement.

Positive

  • None.

Negative

  • None.
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*
Truong Kristina

(Last) (First) (Middle)
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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Accounting Officer
3. Date of Earliest Transaction (Month/Day/Year)
01/10/2026
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 01/10/2026 F 282(1) D $7.92 194,023(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 144,031 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person and 4,978 shares of vested performance RSUs ("PRSUs"), of which 50% will be released in on March 2, 2026 and the remaining 50% will be released on March 1, 2027. 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 Kristina Truong 01/13/2026
** 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.

FAQ

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

The Chief Accounting Officer, Kristina Truong, reported the withholding of 282 shares of Enovix common stock on January 10, 2026 to satisfy tax obligations from RSU vesting.

What does the Form 4 tax withholding transaction mean for Enovix (ENVX)?

The transaction reflects tax withholding on vested RSUs, with 282 shares withheld at $7.92 per share. It is an administrative equity event rather than an open-market buy or sell.

How many Enovix (ENVX) shares does Kristina Truong beneficially own after the transaction?

Following the reported transaction, Kristina Truong beneficially owned 194,023 shares of Enovix common stock, including shares underlying RSUs and PRSUs.

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

Her holdings include 144,031 shares issuable upon vesting and settlement of RSUs and 4,978 vested PRSUs, each representing a right to receive one Enovix share upon settlement.

When will Kristina Truong’s Enovix (ENVX) performance RSUs be released?

For the 4,978 vested PRSUs, 50% are scheduled for release on March 2, 2026, and the remaining 50% on March 1, 2027.

Was the Enovix (ENVX) Form 4 transaction an open-market sale by the CAO?

No. The disclosure states the 282 shares were withheld to satisfy tax withholding obligations in connection with RSU vesting, rather than an open-market sale.
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