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ENVX Form 4: Arthi Chakravarthy RSU Withholding of 2,217 Shares

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

Rhea-AI Filing Summary

Enovix Corp (ENVX) insider transaction: Chief Legal Officer Arthi Chakravarthy reported a disposition of 2,217 shares of Enovix common stock on 09/24/2025 at a price of $10.31 per share. The filing states the sale reflects shares withheld to satisfy tax withholding obligations upon RSU vesting rather than an open-market sale. After the transaction, Chakravarthy beneficially owned 434,803 shares, which includes 327,840 shares issuable upon settlement of RSUs. The Form 4 is signed 09/26/2025 and contains no other transactions or derivative activity.

Positive

  • Transaction is a tax-withholding disposition tied to RSU vesting, indicating routine administrative settlement rather than an open-market sale
  • Reporting person retains substantial beneficial ownership of 434,803 shares, including 327,840 RSU-settled shares

Negative

  • Reported decrease of 2,217 shares due to withholding, reducing direct holdings stated on the Form 4
  • No information on timing of future RSU settlements beyond the number of shares issuable, leaving schedule unclear

Insights

TL;DR: Tax-withholding disposition on vested RSUs; insider retains a substantial RSU position.

The reported disposition is coded as a tax withholding event tied to RSU vesting, which is a routine administrative action and not a voluntary stock sale for liquidity. The officer continues to hold a significant equity stake when including unvested RSUs, with 327,840 RSU-settled shares disclosed. For governance monitoring, this filing indicates compliance with Section 16 reporting and standard compensation settlement practices.

TL;DR: Small share reduction of 2,217 shares; majority of reported position remains in RSUs.

The disposition of 2,217 shares at $10.31 appears solely to satisfy tax liabilities from RSU vesting and is immaterial relative to the total beneficial ownership of 434,803 shares. No derivative securities or additional open-market transactions are reported, so there is no immediate change to voting power beyond the withholding event. This is a routine insider tax-related transaction rather than a directional bet on the stock.

Insider Chakravarthy Arthi
Role Chief Legal Officer
Type Security Shares Price Value
Tax Withholding Common Stock 2,217 $10.31 $23K
Holdings After Transaction: Common Stock — 434,803 shares (Direct)
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") on September 24, 2025. Each RSU represents a contingent right to receive one share of the Issuer's common stock. Includes 327,840 shares issuable upon the settlement of RSUs granted to the Reporting Person.
Form 4 Insider Transactions: What Each Field Means →
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).
1. Name and Address of Reporting Person*
Chakravarthy Arthi
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Legal Officer
3. Date of Earliest Transaction (Month/Day/Year)
09/24/2025
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 09/24/2025 F 2,217(1) D $10.31 434,803(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. 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") on September 24, 2025. Each RSU represents a contingent right to receive one share of the Issuer's common stock.
2. Includes 327,840 shares issuable upon the settlement of RSUs granted to the Reporting Person.
Remarks:
/s/ Arthi Chakravarthy 09/26/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Enovix insider Arthi Chakravarthy report on Form 4 for ENVX?

The Form 4 reports a disposition of 2,217 shares on 09/24/2025 at $10.31 per share to satisfy tax withholding for vested RSUs.

How many Enovix shares does the reporting person beneficially own after the transaction?

After the transaction the filing shows 434,803 shares beneficially owned, which includes 327,840 shares issuable upon RSU settlement.

Was the Form 4 sale an open-market sale or a withholding for taxes?

The filing explicitly states the disposition reflects withholding of shares to satisfy tax withholding obligations in connection with RSU vesting.

Does the Form 4 report any derivative securities or options for ENVX?

No. Table II for derivative securities contains no reported transactions or derivative holdings in this filing.

When was the Form 4 signed and filed?

The signature block shows the form was signed by Arthi Chakravarthy on 09/26/2025.