Enovix CLO has shares withheld for RSU taxes

Enovix Corp Chief Legal Officer Arthi Chakravarthy reported a compensation-related share disposition tied to tax withholding.

Rhea-AI Filing Summary

Enovix Corp Chief Legal Officer Arthi Chakravarthy reported a compensation-related share disposition tied to tax withholding. On this Form 4, 2,221 shares of Enovix common stock were withheld at $6.61 per share to satisfy tax obligations arising from the vesting of restricted stock units.

After this tax-withholding event, Chakravarthy holds 604,491 shares of Enovix common stock directly. This figure includes 397,158 shares issuable upon vesting and settlement of RSUs, 10,393 vested performance RSUs scheduled for release in March 2027, and 58,500 additional PRSUs to be released in April 2027 and April 2028.

Insider Trade Summary

Exercise Price or Tax Liability: 2,221 shares

Exercise Price or Tax Liability 1 txn

Insider Chakravarthy Arthi

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	2,221	$6.61	$15K

Holdings After Transaction: Common Stock — 604,491 shares (Direct)

Footnotes (2)

1. F1. 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. F2. Includes 397,158 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as: (i) 10,393 vested performance restricted stock units ("PRSUs"), which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 58,500 PRSUs, 50% of which will be released in April 2027, with the remainder to be released in April 2028. Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.

Key Figures

Tax-withheld shares: 2,221 shares Tax-withholding price: $6.61 per share Shares after transaction: 604,491 shares +3 more

6 metrics

Tax-withheld shares 2,221 shares Withheld to satisfy RSU-related tax obligations

Tax-withholding price $6.61 per share Value used for 2,221 withheld shares

Shares after transaction 604,491 shares Direct holdings following tax-withholding disposition

RSUs issuable 397,158 shares Shares issuable upon vesting and settlement of RSUs

Vested PRSUs 10,393 units Performance RSUs to be released in March 2027

Additional PRSUs 58,500 units PRSUs scheduled for release in April 2027 and April 2028

Key Terms

restricted stock units ("RSUs"), performance restricted stock units ("PRSUs"), tax withholding obligations, vesting and settlement

4 terms

restricted stock units ("RSUs") financial

"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")."

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 397,158 shares issuable upon the vesting and settlement of RSUs ... and (ii) an aggregate of 58,500 PRSUs, 50% of which will be released in April 2027..."

tax withholding obligations financial

"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..."

vesting and settlement financial

"Includes 397,158 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person..."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Enovix (ENVX) Chief Legal Officer Arthi Chakravarthy report in this Form 4?

Arthi Chakravarthy reported a tax-related share disposition involving 2,221 Enovix shares. These shares were withheld to cover tax obligations triggered by the vesting of restricted stock units, rather than sold in an open-market transaction.

How many Enovix (ENVX) shares were used to cover taxes for Chakravarthy?

A total of 2,221 Enovix common shares were withheld at $6.61 per share. The shares were applied to satisfy tax withholding obligations connected to the vesting of restricted stock units granted as part of Chakravarthy’s equity compensation.

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

Following the tax-withholding disposition, Chakravarthy holds 604,491 Enovix shares. This total includes shares issuable from RSUs and performance RSUs that will vest and be released in stages between March 2027 and April 2028, subject to settlement.

What restricted stock units (RSUs) are included in Chakravarthy’s Enovix (ENVX) holdings?

Chakravarthy’s position includes 397,158 shares issuable upon vesting and settlement of RSUs. These RSUs represent stock-based compensation that converts into Enovix common shares over time as vesting conditions are satisfied and settlement occurs.

What performance restricted stock units (PRSUs) does Chakravarthy hold in Enovix (ENVX)?

Chakravarthy’s holdings include 10,393 vested PRSUs to be released in March 2027 and 58,500 additional PRSUs. Of these, half are scheduled for release in April 2027 and the remainder in April 2028, each representing a right to one common share upon settlement.

Was Chakravarthy’s Enovix (ENVX) Form 4 transaction an open-market sale?

No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld by Enovix to cover tax obligations associated with the vesting of restricted stock units granted to Chakravarthy as part of her compensation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/28/2026 - 04:53 PM EDT Learn about SEC filing dates

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^*

Chakravarthy Arthi

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/24/2026

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	04/24/2026		F		2,221(1)	D	$6.61	604,491(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 397,158 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as: (i) 10,393 vested performance restricted stock units ("PRSUs"), which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 58,500 PRSUs, 50% of which will be released in April 2027, with the remainder to be released in April 2028. Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.

Remarks:

	/s/ Arthi Chakravarthy	04/28/2026
	** 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)