Enovix (ENVX) CEO Talluri reports performance stock unit vesting

Rhea-AI Filing Summary

Talluri Rajendra K reported acquisition or exercise transactions in this Form 4 filing.

Enovix Corp President and CEO Rajendra K. Talluri reported awards of common stock tied to performance-based restricted stock units. On February 18, 2026, 168,813 PRSUs vested after meeting performance criteria; 50% will be released on April 1, 2027 and 50% on April 1, 2028.

On the same date, 90,798 additional PRSUs vested, with 50% scheduled for release on April 8, 2027 and the remainder on April 8, 2028. Reported direct holdings include shares plus 1,446,958 shares issuable upon vesting and settlement of RSUs and vested PRSUs, including 47,775 PRSUs to be released 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^*

Talluri Rajendra K

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

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	02/18/2026		A		168,813(1)	A	$0	2,347,425(2)	D
Common Stock	02/18/2026		A		90,798(3)	A	$0	2,438,223(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. Represents the vesting of 168,813 performance restricted stock units ("PRSUs") upon the achievement of certain performance criteria on February 18, 2026, of which 50% will be released on April 1, 2027 and the remaining 50% will be released on April 1, 2028. Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.

2. Includes 1,446,958 shares issuable upon the vesting and settlement of restricted stock units ("RSUs") granted to the Reporting Person, as well as the above referenced vested PRSUs and 47,775 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.

3. Represents the vesting of 90,798 PRSUs upon the achievement of certain performance criteria on February 18, 2026, 50% of which will be released on April 8, 2027, and the remaining 50% will be released on April 8, 2028. 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 Raj Talluri	03/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did Enovix (ENVX) CEO Rajendra K. Talluri report in this Form 4?

Rajendra K. Talluri reported the vesting of performance-based restricted stock units that convert into Enovix common shares. The filing details two PRSU vesting events on February 18, 2026 and updates his direct holdings, including shares issuable from outstanding RSUs and vested PRSUs.

How many Enovix (ENVX) performance RSUs vested for the CEO on February 18, 2026?

Two PRSU tranches vested for the CEO on February 18, 2026: 168,813 PRSUs and 90,798 PRSUs. Each PRSU represents a contingent right to receive one Enovix common share upon settlement, subject to the scheduled future release dates described in the filing’s footnotes.

When will the 168,813 Enovix (ENVX) PRSUs reported by the CEO be released?

The 168,813 PRSUs vested upon achievement of performance criteria on February 18, 2026. According to the filing, 50% will be released on April 1, 2027 and the remaining 50% will be released on April 1, 2028, delivering Enovix common shares upon settlement.

What is the release schedule for the 90,798 Enovix (ENVX) PRSUs in the CEO’s Form 4?

The 90,798 PRSUs vested on February 18, 2026 after meeting performance criteria. The filing states that 50% will be released on April 8, 2027, with the remaining 50% scheduled for release on April 8, 2028, each PRSU settling into one Enovix common share.

How many Enovix (ENVX) shares are tied to the CEO’s outstanding RSUs and PRSUs?

Reported direct holdings include 1,446,958 shares issuable upon vesting and settlement of RSUs granted to the CEO. The total also includes the newly vested PRSUs and 47,775 previously vested PRSUs that are scheduled for release on March 2, 2027 as Enovix common shares.

Did the Enovix (ENVX) CEO pay cash for the shares reported in this Form 4?

The reported transactions show a price per share of $0.0000, indicating these are equity awards rather than open-market purchases. They result from vesting and scheduled release of performance-based restricted stock units that convert into Enovix common stock when settlement conditions are met.