Enovix (ENVX) CAO reports 253-share tax withholding, holds 315,369
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Enovix Corp Chief Accounting Officer Kristina Truong reported a routine tax-related share adjustment. On the vesting of restricted stock units, 253 shares of common stock were withheld to cover tax obligations at $6.28 per share. After this withholding, she holds 315,369 common shares, including 220,610 shares tied to unvested RSUs and earned performance RSUs scheduled for release between March 2027 and April 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Truong Kristina
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 253 | $6.28 | $2K |
Holdings After Transaction:
Common Stock — 315,369 shares (Direct, null)
Footnotes (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 220,610 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.
Key Figures
Tax-withheld shares: 253 shares
Withholding price: $6.28 per share
Shares held after transaction: 315,369 shares
+3 more
6 metrics
Tax-withheld shares
253 shares
Withheld for RSU tax obligations at $6.28 per share on June 10, 2026
Withholding price
$6.28 per share
Value used for 253-share tax withholding
Shares held after transaction
315,369 shares
Common stock directly held after tax withholding
Unvested RSUs
220,610 shares
Shares issuable upon vesting and settlement of RSUs
Earned PRSUs tranche 1
2,489 PRSUs
PRSUs scheduled for release in March 2027
Earned PRSUs tranche 2
35,278 PRSUs
PRSUs releasing 50% in April 2027 and 50% in April 2028
Key Terms
restricted stock units ("RSUs"), performance RSUs ("PRSUs"), tax withholding obligations, contingent right
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 RSUs ("PRSUs") financial
"Includes 220,610 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..."
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 ("RSUs")."
contingent right financial
"Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement."
FAQ
What insider transaction did Enovix (ENVX) report for Kristina Truong?
Enovix reported that Chief Accounting Officer Kristina Truong had 253 shares of common stock withheld to satisfy tax obligations from RSU vesting. This Form 4 reflects a tax-withholding disposition, not an open-market stock sale or purchase.
Is the Enovix (ENVX) Form 4 for Kristina Truong a stock sale?
No. The Form 4 describes a tax-withholding disposition, where 253 shares were withheld by Enovix to satisfy tax obligations from RSU vesting. It does not represent an open-market sale decision by Kristina Truong or a change in her long-term equity position.
What future RSU and PRSU releases are disclosed for Enovix (ENVX) CAO Kristina Truong?
The filing notes 220,610 shares tied to RSUs plus earned performance RSUs: 2,489 PRSUs scheduled for release in March 2027 and 35,278 PRSUs, half releasing in April 2027 and half in April 2028, each representing one share upon settlement.