Director at Enovix (NASDAQ: ENVX) receives 29,104-share RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enovix Corp director Betsy S. Atkins received an equity award of 29,104 restricted stock units (RSUs) on common stock on June 11, 2026. The grant carries no cash exercise price, and each RSU represents a contingent right to one Enovix common share.
According to the vesting schedule, 25% of the RSUs will vest on each of September 11, 2026, December 11, 2026, March 11, 2027, and the earlier of June 11, 2027 or the date of Enovix’s 2027 annual stockholders meeting, subject to Atkins’ continuous service as a director. Following this grant, she holds 151,144 Enovix shares, including shares issuable upon RSU settlement.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
ATKINS BETSY S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 29,104 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 151,144 shares (Direct, null)
Footnotes (1)
- 1. Reflects shares issuable on the settlement of restricted stock units ("RSUs") granted to the Reporting Person. Each RSU represents a contingent right to receive one share of the Issuer's common stock. 25% of the RSUs will vest on each of September 11, 2026, December 11, 2026, March 11, 2027 and the earlier of (i) June 11, 2027; or (ii) the date of the Issuer's 2027 annual meeting of stockholders (or the date immediately preceding such date if the Reporting Person's service as a director ends at such meeting due to the director's failure to be re-elected or not standing for re-election), subject to the Reporting Person's continuous service through each applicable vesting date. Includes 29,104 shares issuable upon the settlement of RSUs granted to the Reporting Person.
Key Figures
RSUs granted: 29,104 RSUs
Grant price per share: $0.00 per share
Holdings after grant: 151,144 shares
+4 more
7 metrics
RSUs granted
29,104 RSUs
Grant to director Betsy S. Atkins on June 11, 2026
Grant price per share
$0.00 per share
Reported transaction price for RSU award
Holdings after grant
151,144 shares
Total Enovix shares held following RSU award
First vesting tranche
25% of RSUs
Vests on September 11, 2026
Second vesting tranche
25% of RSUs
Vests on December 11, 2026
Third vesting tranche
25% of RSUs
Vests on March 11, 2027
Final vesting tranche
25% of RSUs
Vests on earlier of June 11, 2027 or 2027 annual meeting date
Key Terms
restricted stock units ("RSUs"), contingent right, vest, annual meeting of stockholders, +1 more
5 terms
restricted stock units ("RSUs") financial
"Reflects shares issuable on the settlement of restricted stock units ("RSUs") granted to the Reporting Person."
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.
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's common stock."
vest financial
"25% of the RSUs will vest on each of September 11, 2026, December 11, 2026, March 11, 2027 and the earlier of (i) June 11, 2027; or (ii) the date of the Issuer's 2027 annual meeting of stockholders..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
annual meeting of stockholders financial
"the earlier of (i) June 11, 2027; or (ii) the date of the Issuer's 2027 annual meeting of stockholders..."
continuous service financial
"subject to the Reporting Person's continuous service through each applicable vesting date."