ENVX Insider Filing: Marathe Retains 1.15M Shares, 794K RSUs Issuable

Rhea-AI Filing Summary

Enovix Corp insider Ajay Marathe, the company's Chief Operating Officer, reported a transaction on Form 4 showing the disposition of 7,338 shares on 09/14/2025. The filing states these shares were withheld to satisfy tax obligations associated with the vesting of restricted stock units (RSUs). After the withholding, the reporting person beneficially owns 1,151,699 shares, which includes 794,081 shares issuable upon settlement of outstanding RSUs. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Marathe on 09/16/2025.

Insights

Securities Analyst

TL;DR: Officer sold a small number of shares via withholding for RSU taxes; continues to hold a large beneficial stake including many unvested RSUs.

The reported disposal of 7,338 shares was executed under code F, indicating shares were withheld to meet tax withholding on RSU vesting. This is an administrative, non-market sale method that does not necessarily reflect a change in confidence. The reporting person retains beneficial ownership of 1,151,699 shares, with 794,081 shares tied to outstanding RSUs, which may dilute upon settlement but also align executive incentives with stock performance.

Corporate Governance Expert

TL;DR: Transaction appears routine and linked to compensation mechanics rather than discretionary selling.

The Form 4 notes withholding to satisfy tax obligations at RSU vesting, a common practice to cover tax liabilities while the executive receives net shares. The signature by an attorney-in-fact is properly documented. No additional grants, option exercises, or open-market trades are disclosed, and there are no indications of unusual insider activity in this filing.

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

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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^*

Marathe Ajay

(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 Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/14/2025

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	09/14/2025		F		7,338(1)	D	$8.14	1,151,699(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 14, 2025. Each RSU represents a contingent right to receive one share of the Issuer's common stock.

2. Includes 794,081 shares issuable upon the settlement of RSUs granted to the Reporting Person.

Remarks:

	/s/ Arthi Chakravarthy, Attorney-in-Fact for Ajay Marathe	09/16/2025
	** 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).
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