Enovix Corp (ENVX) CAO reports RSU tax withholding in Form 4 filing
Filing Impact
Filing Sentiment
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.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Truong Kristina
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 282 | $7.92 | $2K |
Holdings After Transaction:
Common Stock — 194,023 shares (Direct)
Footnotes (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 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.
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.
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.