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Enovix (ENVX) CAO logs 2,945-share tax withholding from RSU vesting

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

Rhea-AI Filing Summary

Enovix Corp Chief Accounting Officer Kristina Truong reported routine share withholdings to cover taxes tied to stock awards. On April 8, 10, and 13, 2026, a total of 2,945 shares of Enovix common stock were withheld at prices between $5.73 and $6.09 per share to satisfy tax withholding obligations on vesting restricted stock units.

These transactions, coded "F" as tax-withholding dispositions, were not open-market sales and did not generate trading proceeds for Truong. After the latest withholding, she directly holds 312,154 shares of Enovix common stock, including substantial shares underlying unvested RSUs and performance RSUs described in the footnotes.

Positive

  • None.

Negative

  • None.
Insider Truong Kristina
Role Chief Accounting Officer
Type Security Shares Price Value
Tax Withholding Common Stock 1,012 $5.98 $6K
Tax Withholding Common Stock 253 $6.09 $2K
Tax Withholding Common Stock 1,680 $5.73 $10K
Holdings After Transaction: Common Stock — 312,154 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"). Includes 225,869 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as the following vested performance restricted stock units ("PRSUs"): (i) 2,489 PRSUs, which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 35,278 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 225,393 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as the Earned PRSUs. Includes 223,477 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as the Earned PRSUs.
Tax-withholding shares on Apr 8, 2026 1,680 shares at $5.73 Common stock withheld for RSU tax obligations
Tax-withholding shares on Apr 10, 2026 253 shares at $6.09 Common stock withheld for RSU tax obligations
Tax-withholding shares on Apr 13, 2026 1,012 shares at $5.98 Common stock withheld for RSU tax obligations
Total tax-withholding shares 2,945 shares Sum of F-code dispositions in April 2026
Shares held after latest transaction 312,154 shares Direct Enovix common stock ownership after Apr 13, 2026
Earned PRSUs releases 2,489 + 35,278 PRSUs Vested performance RSUs scheduled for 2027–2028 releases
restricted stock units ("RSUs") financial
"Reflects the withholding of shares ... 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
"Includes 225,869 shares issuable ... and the following vested performance restricted stock units ("PRSUs"): (i) 2,489 PRSUs..."
tax withholding obligations financial
"Reflects the withholding of shares ... to satisfy tax withholding obligations in connection with the vesting of RSUs."
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description: Payment of exercise price or tax liability by delivering securities"
SEC Form 4
FORM 4UNITED 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 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Accounting Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/08/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock04/08/2026F1,680(1)D$5.73313,419(2)D
Common Stock04/10/2026F253(1)D$6.09313,166(3)D
Common Stock04/13/2026F1,012(1)D$5.98312,154(4)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 225,869 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as the following vested performance restricted stock units ("PRSUs"): (i) 2,489 PRSUs, which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 35,278 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 225,393 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as the Earned PRSUs.
4. Includes 223,477 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 Kristina Truong04/14/2026
** Signature of Reporting PersonDate
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)

FAQ

What did Enovix (ENVX) Chief Accounting Officer Kristina Truong report in this Form 4?

Kristina Truong reported share withholdings to cover taxes on vesting stock awards. A total of 2,945 Enovix common shares were withheld on April 8, 10, and 13, 2026, reflecting routine tax-withholding dispositions rather than open-market stock sales.

How many Enovix (ENVX) shares were withheld for Kristina Truong’s tax obligations?

In total, 2,945 Enovix common shares were withheld to satisfy tax obligations. The withholdings occurred in three transactions of 1,680, 253, and 1,012 shares, each tied to restricted stock unit vesting on April 8, 10, and 13, 2026, respectively.

At what prices were the Enovix (ENVX) tax-withholding shares valued in Kristina Truong’s Form 4?

The withheld Enovix shares were valued at per-share prices of $5.73, $6.09, and $5.98. These prices reflect the fair market value used to calculate shares withheld for tax obligations when Kristina Truong’s restricted stock units vested on the reported April 2026 dates.

How many Enovix (ENVX) shares does Kristina Truong hold after these tax-withholding transactions?

Following the April 13, 2026 tax-withholding disposition, Kristina Truong directly holds 312,154 shares of Enovix common stock. Footnotes indicate this figure includes a significant number of shares issuable upon future vesting and settlement of restricted stock units and performance restricted stock units.

Are the Enovix (ENVX) Form 4 transactions by Kristina Truong open-market sales?

No, the reported Form 4 transactions are not open-market sales. They are coded "F" and described as payment of tax liabilities by delivering securities, meaning Enovix shares were withheld from vesting stock awards solely to satisfy tax withholding obligations owed by Kristina Truong.

What types of equity awards are mentioned in Kristina Truong’s Enovix (ENVX) Form 4 footnotes?

The footnotes reference restricted stock units and performance restricted stock units. They describe shares issuable upon vesting and settlement of RSUs, as well as vested performance RSUs scheduled for release to Kristina Truong in March 2027, April 2027, and April 2028.