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Enovix (ENVX) CAO Truong reports 7,257-share tax-withholding dispositions

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

Rhea-AI Filing Summary

Enovix Corp Chief Accounting Officer Kristina Truong reported routine tax-related share dispositions tied to vesting stock awards. On 2026-07-01 and 2026-07-05, a total of 7,257 shares of common stock were withheld to satisfy tax withholding obligations in connection with the vesting of restricted stock units. These Form 4 transactions are coded as tax-withholding dispositions rather than open-market sales. Following the most recent transaction, Truong directly holds 307,097 shares of Enovix common stock, excluding additional unvested RSU and performance-based RSU awards referenced in the footnotes.

Positive

  • None.

Negative

  • None.
Insider Truong Kristina
Role Chief Accounting Officer
Type Security Shares Price Value
Tax Withholding Common Stock 638 $5.36 $3K
Tax Withholding Common Stock 2,224 $5.85 $13K
Tax Withholding Common Stock 4,395 $5.85 $26K
Holdings After Transaction: Common Stock — 307,097 shares (Direct, null)
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 214,494 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as the following vested performance RSUs ("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 206,194 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as the Earned PRSUs. Includes 204,990 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as the Earned PRSUs.
Tax-withholding shares 7,257 shares Total F-code tax-withholding dispositions reported
Per-share value 2026-07-05 $5.36/share Value used for 638 withheld shares
Per-share value 2026-07-01 $5.85/share Value used for two withholding entries
Shares withheld 2026-07-05 638 shares Common stock withheld for tax obligations
Shares withheld 2026-07-01 (1) 4,395 shares Common stock withheld for tax obligations
Shares withheld 2026-07-01 (2) 2,224 shares Common stock withheld for tax obligations
Direct holdings after transactions 307,097 shares Common stock held directly by Truong after latest disposition
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.
PRSUs financial
"Includes ... vested performance RSUs ("PRSUs") ... referred to as the "Earned PRSUs"."
A PRSU is a type of employee equity award that turns into actual company shares only if preset performance goals are met over a specified time. Think of it like a prize that only pays out when a team hits agreed targets; investors watch PRSUs because they tie management pay to results, can increase the number of shares outstanding when paid, and therefore affect shareholder value and incentives.
tax withholding obligations financial
"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"
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Form 4 Insider Transactions: What Each Field Means →
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)
07/01/2026		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 Stock07/01/2026F2,224(1)D$5.85312,130(2)D
Common Stock07/01/2026F4,395(1)D$5.85307,735(3)D
Common Stock07/05/2026F638(1)D$5.36307,097(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 214,494 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as the following vested performance RSUs ("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 206,194 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as the Earned PRSUs.
4. Includes 204,990 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 Truong07/06/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Enovix (ENVX) executive Kristina Truong report in this Form 4?

Kristina Truong reported share dispositions used to cover tax obligations from vesting stock awards. The transactions involved company common stock withheld at vesting, not open-market sales, and are classified as tax-withholding dispositions rather than discretionary trading activity.

How many Enovix (ENVX) shares were withheld for taxes in these transactions?

A total of 7,257 Enovix common shares were withheld for tax obligations. The Form 4 shows three separate F-code transactions, all described as payments of tax liability by delivering securities in connection with the vesting of restricted stock unit awards.

At what prices were the Enovix (ENVX) tax-withholding shares valued?

The withheld Enovix shares were valued at per-share prices of $5.36 and $5.85. These prices are used solely for reporting the value of shares delivered to satisfy tax liabilities arising from restricted stock unit vesting, not as open-market sale prices.

How many Enovix (ENVX) shares does Kristina Truong hold after these Form 4 transactions?

After the most recent tax-withholding disposition, Kristina Truong directly holds 307,097 shares of Enovix common stock. This figure reflects her direct ownership following the reported transactions and does not include additional unvested RSU and performance-based RSU awards mentioned in the footnotes.

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

No. All reported transactions are F-code tax-withholding dispositions. The filing states they represent payment of tax liabilities by delivering securities as restricted stock units vest, meaning they are administrative events rather than discretionary open-market sales by the executive.

What equity awards are referenced in the Enovix (ENVX) Form 4 footnotes?

The footnotes reference restricted stock units and performance restricted stock units. They explain that certain awards convert into Enovix common shares upon vesting and settlement, and that some of the reported dispositions result from shares withheld to satisfy related tax withholding obligations.