Enovix (ENVX) CLO logs 4,295-share tax withholding tied to RSU vesting

Rhea-AI Filing Summary

Enovix Corp Chief Legal Officer Arthi Chakravarthy reported tax-related share dispositions. On July 8, 2026, a total of 4,295 shares of common stock were withheld at $5.13 per share to satisfy tax obligations tied to vesting restricted stock units. These are not open-market sales. Reported direct holdings after the transactions were 586,692 and 590,051 shares on two lines that reflect different mixes of vested and unvested RSUs and performance RSUs described in the footnotes.

Insights

Equity Compensation Analyst

Routine tax withholding on RSU vesting; equity stake remains large.

Arthi Chakravarthy, Chief Legal Officer of Enovix Corp, had 4,295 shares of common stock withheld on July 8, 2026 at $5.13 per share to cover tax liabilities from vesting restricted stock units. Code F transactions are administrative and do not represent open-market selling.

Following these dispositions, reported direct holdings remain around 586,692–590,051 shares, including substantial unvested RSUs and performance RSUs. Footnotes describe 363,891 and 357,548 shares issuable upon RSU vesting and settlement, plus Earned PRSUs scheduled for release in March 2027, April 2027, and April 2028. The filing shows ongoing equity-based compensation rather than a discretionary reduction in exposure.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Chakravarthy Arthi

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	936	$5.13	$5K
Tax Withholding	Common Stock	3,359	$5.13	$17K

Holdings After Transaction: Common Stock — 590,051 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 363,891 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 (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 357,548 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as the Earned PRSUs.

Key Figures

Shares withheld for taxes (total): 4,295 shares Shares withheld lot 1: 3,359 shares Shares withheld lot 2: 936 shares +5 more

8 metrics

Shares withheld for taxes (total) 4,295 shares Tax-withholding dispositions on July 8, 2026 for RSU vesting

Shares withheld lot 1 3,359 shares Code F disposition at $5.13 per share on July 8, 2026

Shares withheld lot 2 936 shares Code F disposition at $5.13 per share on July 8, 2026

Withholding price $5.13 per share Value used for tax-withholding dispositions of common stock

Direct holdings after transaction (line 1) 586,692 shares Directly owned common stock after one reported transaction

Direct holdings after transaction (line 2) 590,051 shares Directly owned common stock after another reported transaction

RSUs issuable (first footnote) 363,891 shares Shares issuable upon vesting and settlement of RSUs

Earned PRSUs aggregate 58,500 PRSUs Performance RSUs to be released in April 2027 and April 2028

Key Terms

restricted stock units ("RSUs"), performance restricted stock units ("PRSUs"), Earned PRSUs

3 terms

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 363,891 shares issuable ... and (ii) an aggregate of 58,500 PRSUs..."

Earned PRSUs financial

"the foregoing PRSUs collectively referred to as the "Earned PRSUs"."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/10/2026 - 06:45 PM Accepted by SEC EDGAR 07/10/2026 - 06:45 PM Learn about SEC filing dates

FAQ

What transactions did Enovix (ENVX) Chief Legal Officer Arthi Chakravarthy report?

Arthi Chakravarthy reported two Form 4 transactions on July 8, 2026 in Enovix (ENVX) stock, both coded F. They reflect 4,295 shares of common stock withheld to satisfy tax obligations on vesting restricted stock units, not open-market sales.

How many Enovix (ENVX) shares were withheld for taxes in this Form 4?

A total of 4,295 shares of Enovix (ENVX) common stock were withheld. The filing shows 3,359 shares and 936 shares withheld at $5.13 per share to satisfy tax withholding obligations tied to RSU vesting.

Are the Enovix (ENVX) Form 4 transactions by Arthi Chakravarthy open-market sales?

No. Both transactions are coded F, described as payment of tax liability by delivering securities. The filing states the shares were withheld to cover tax obligations from vesting restricted stock units, not discretionary open-market sales.

How many Enovix (ENVX) shares does Arthi Chakravarthy hold after these transactions?

Post-transaction lines report 586,692 and 590,051 directly owned Enovix (ENVX) shares, reflecting different RSU and PRSU components. Footnotes note large additional shares issuable upon future vesting and settlement of RSUs and performance RSUs.

What future Enovix (ENVX) share awards are tied to Arthi Chakravarthy’s RSUs and PRSUs?

Footnotes state 363,891 or 357,548 shares are issuable upon RSU vesting, plus 10,393 vested PRSUs and 58,500 Earned PRSUs. These performance RSUs are scheduled for release in March 2027, April 2027, and April 2028.

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)
07/08/2026

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	07/08/2026		F		936(1)	D	$5.13	590,051(2)	D
Common Stock	07/08/2026		F		3,359(1)	D	$5.13	586,692(3)	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 363,891 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 (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 357,548 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as the Earned PRSUs.

Remarks:

	/s/ Arthi Chakravarthy	07/10/2026
	** 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)