Enovix (ENVX) CLO logs tax-withholding disposal of 5,259 common shares

Rhea-AI Filing Summary

Enovix Corp Chief Legal Officer reports tax-related share withholding. Arthi Chakravarthy disposed of 5,259 shares of Enovix common stock on March 2, 2026 at $5.45 per share to cover tax withholding obligations tied to vested performance restricted stock units. After this tax-withholding disposition, direct holdings total 399,597 shares, which include 262,360 shares issuable upon vesting and settlement of restricted stock units and 10,393 vested performance RSUs scheduled for release on March 2, 2027.

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

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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 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 Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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	03/02/2026		F		5,259(1)	D	$5.45	399,597(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 delivery of vested performance restricted stock units ("PRSUs").

2. Includes 262,360 shares issuable upon the vesting and settlement of restricted stock units ("RSUs") granted to the Reporting Person and 10,393 vested PRSUs, which will be released on March 2, 2027. Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.

Remarks:

	/s/ Arthi Chakravarthy	03/04/2026
	** 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 did Enovix (ENVX) insider Arthi Chakravarthy report in this Form 4?

Arthi Chakravarthy reported a tax-withholding disposition of 5,259 Enovix shares. The shares were withheld to satisfy tax obligations arising from vested performance restricted stock units, rather than an open-market sale, and are classified as a non-derivative transaction in common stock.

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

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. 5,259 shares of Enovix common stock were withheld by the company at $5.45 per share to cover tax liabilities from the delivery of vested performance restricted stock units.

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

After the reported transaction, Arthi Chakravarthy holds 399,597 Enovix shares directly. This figure includes 262,360 shares underlying restricted stock units and 10,393 vested performance RSUs that are scheduled to be released on March 2, 2027 upon settlement.

What price was used for the tax-withholding disposition in the Enovix (ENVX) Form 4?

The tax-withholding disposition used a price of $5.45 per Enovix share. This price applied to 5,259 shares of common stock withheld to satisfy tax obligations connected to the delivery of vested performance restricted stock units awarded to the reporting person.

What do the Enovix (ENVX) Form 4 footnotes explain about RSUs and PRSUs?

The footnotes state that 262,360 shares are issuable from RSUs and 10,393 are vested performance RSUs. Each performance RSU represents a contingent right to one share of Enovix common stock, with the vested PRSUs scheduled for release on March 2, 2027 upon settlement.

How is the Form 4 Enovix (ENVX) transaction classified under SEC codes?

The transaction is classified under code F, meaning payment of tax liability by delivering or withholding securities. It is labeled a tax-withholding disposition of common stock, with one dispose-type transaction reported and no buy or sell transactions indicated in the summary.