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[Form 4] Enovix Corp Insider Trading Activity

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

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.

Un insider di Enovix Corp, Ajay Marathe, Chief Operating Officer, ha riportato una transazione sul modulo 4 che mostra la disposizione di 7,338 azioni in data 09/14/2025. La dichiarazione indica che tali azioni sono state trattenute per soddisfare gli obblighi fiscali legati al vesting delle unità azionarie limitate (RSU). Dopo la trattenuta, la persona che segnala detiene beneficiamente 1,151,699 azioni, di cui 794,081 azioni sono emittibili al regolamento delle RSU in essere. Il Form 4 è stato firmato da un procuratore in fact per conto del signor Marathe in data 09/16/2025.

Un insider de Enovix Corp, Ajay Marathe, director de operaciones, informó una operación en el Formulario 4 que muestra la disposición de 7,338 acciones el 09/14/2025. La declaración señala que estas acciones se retuvieron para satisfacer obligaciones fiscales relacionadas con el vesting de unidades de acciones restringidas (RSU). Después de la retención, la persona que reporta posee beneficiosamente 1,151,699 acciones, de las cuales 794,081 acciones son emitibles al liquidar las RSU vigentes. El Formulario 4 fue firmado por un apoderado en nombre del Sr. Marathe el 09/16/2025.

Enovix Corp의 내부자 Ajay Marathe, 최고 운영 책임자(COO),가 09/14/20257,338주를 처분한 내용의 Form 4 거래를 보고했습니다. 신고서는 이 주식이 제한 주식단위(RSU)의 vesting과 관련된 세금 의무를 충당하기 위해 보류되었다고 명시합니다. 보류 후 보고자는 이익으로 1,151,699주를 보유하고 있으며, 그 중 794,081주는 미결 RSU의 정산 시 발행될 주식입니다. 이 Form 4는 09/16/2025에 Marathe를 대신하여 대리인 한 명이 서명했습니다.

Un initié d’Enovix Corp, Ajay Marathe, directeur des opérations, a signalé une transaction via le formulaire 4 montrant la cession de 7 338 actions le 09/14/2025. Le dossier indique que ces actions ont été retenues pour satisfaire les obligations fiscales liées à la vesting des unités d’actions restreintes (RSU). Après la retenue, la personne qui déclare détient de manière bénéficiaire 1 151 699 actions, dont 794 081 actions seront émises lors du règlement des RSU en cours. Le formulaire 4 a été signé par un mandataire au nom de M. Marathe le 09/16/2025.

Ein Insider von Enovix Corp, Ajay Marathe, Chief Operating Officer, hat eine Transaktion im Formular 4 gemeldet, die den Veräußerung von 7.338 Aktien am 09/14/2025 zeigt. Die Einreichung besagt, dass diese Aktien zur Begleichung von Steuerverpflichtungen im Zusammenhang mit dem Vesting von Restricted Stock Units (RSUs) einbehalten wurden. Nach dem Einbehalt besitzt die meldende Person Beneficial Ownership von 1.151.699 Aktien, wovon 794.081 Aktien bei Erfüllung der ausstehenden RSUs ausgegeben werden. Das Form 4 wurde am 09/16/2025 im Namen von Herrn Marathe von einem Bevollmächtigten unterzeichnet.

أبلغ شخص مطّلع في Enovix Corp، آجاى ماراتي، الرئيس التنفيذي للعمليات، عن معاملة في النموذج 4 تُظهر التصرف في 7,338 سهمًا في 14/09/2025. تنص وثيقة التسجيل على أنه تم حجز هذه الأسهم لتلبية الالتزامات الضريبية المرتبطة بال vesting لِوحدات الأسهم المقيدة (RSUs). بعد الحجز، يمتلك الشخص المبلغ تقريره بشكل مستفيد 1,151,699 سهمًا، من بينها 794,081 سهمًا قابلة للإصدار عند تسوية RSUs المعلقة. تم توقيع النموذج 4 من قبل وكيل قانوني يمثل السيد ماراتي في 16/09/2025.

Enovix Corp 的内部人士 Ajay Marathe(首席运营官)在 Form 4 上报告了交易,显示在 2025/09/14处置了 7,338 股。该备案称这些股票被扣留以满足与限制性股票单位(RSU)解禁相关的税务义务。扣税后,报告人实际持有 1,151,699 股,其中 794,081 股是在未结RSU清算时可发行的股份。该 Form 4 于 2025/09/16 由代表Marathe先生的代理人签署。

Positive
  • None.
Negative
  • None.

Insights

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.

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.

Un insider di Enovix Corp, Ajay Marathe, Chief Operating Officer, ha riportato una transazione sul modulo 4 che mostra la disposizione di 7,338 azioni in data 09/14/2025. La dichiarazione indica che tali azioni sono state trattenute per soddisfare gli obblighi fiscali legati al vesting delle unità azionarie limitate (RSU). Dopo la trattenuta, la persona che segnala detiene beneficiamente 1,151,699 azioni, di cui 794,081 azioni sono emittibili al regolamento delle RSU in essere. Il Form 4 è stato firmato da un procuratore in fact per conto del signor Marathe in data 09/16/2025.

Un insider de Enovix Corp, Ajay Marathe, director de operaciones, informó una operación en el Formulario 4 que muestra la disposición de 7,338 acciones el 09/14/2025. La declaración señala que estas acciones se retuvieron para satisfacer obligaciones fiscales relacionadas con el vesting de unidades de acciones restringidas (RSU). Después de la retención, la persona que reporta posee beneficiosamente 1,151,699 acciones, de las cuales 794,081 acciones son emitibles al liquidar las RSU vigentes. El Formulario 4 fue firmado por un apoderado en nombre del Sr. Marathe el 09/16/2025.

Enovix Corp의 내부자 Ajay Marathe, 최고 운영 책임자(COO),가 09/14/20257,338주를 처분한 내용의 Form 4 거래를 보고했습니다. 신고서는 이 주식이 제한 주식단위(RSU)의 vesting과 관련된 세금 의무를 충당하기 위해 보류되었다고 명시합니다. 보류 후 보고자는 이익으로 1,151,699주를 보유하고 있으며, 그 중 794,081주는 미결 RSU의 정산 시 발행될 주식입니다. 이 Form 4는 09/16/2025에 Marathe를 대신하여 대리인 한 명이 서명했습니다.

Un initié d’Enovix Corp, Ajay Marathe, directeur des opérations, a signalé une transaction via le formulaire 4 montrant la cession de 7 338 actions le 09/14/2025. Le dossier indique que ces actions ont été retenues pour satisfaire les obligations fiscales liées à la vesting des unités d’actions restreintes (RSU). Après la retenue, la personne qui déclare détient de manière bénéficiaire 1 151 699 actions, dont 794 081 actions seront émises lors du règlement des RSU en cours. Le formulaire 4 a été signé par un mandataire au nom de M. Marathe le 09/16/2025.

Ein Insider von Enovix Corp, Ajay Marathe, Chief Operating Officer, hat eine Transaktion im Formular 4 gemeldet, die den Veräußerung von 7.338 Aktien am 09/14/2025 zeigt. Die Einreichung besagt, dass diese Aktien zur Begleichung von Steuerverpflichtungen im Zusammenhang mit dem Vesting von Restricted Stock Units (RSUs) einbehalten wurden. Nach dem Einbehalt besitzt die meldende Person Beneficial Ownership von 1.151.699 Aktien, wovon 794.081 Aktien bei Erfüllung der ausstehenden RSUs ausgegeben werden. Das Form 4 wurde am 09/16/2025 im Namen von Herrn Marathe von einem Bevollmächtigten unterzeichnet.

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*
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).
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.
Enovix Corporation

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