ENVX Form 4: 1,676 Shares Withheld for RSU Taxes at $12.66

Rhea-AI Filing Summary

Enovix Corp (ENVX) reporting person Kristina Truong, Chief Accounting Officer, disclosed a transaction on 10/08/2025 showing the disposition of 1,676 shares of common stock at $12.66 per share. After the sale and tax-withholding related to RSU vesting, the reporting person beneficially owns 198,999 shares in total.

The filing explains the sale reflects withholding to satisfy tax obligations from RSU vesting and that the reporting person holds 160,257 shares issuable from RSUs plus 4,978 vested performance RSUs, of which 50% will release on 03/02/2026 and the remainder on 03/01/2027. The form was signed by an attorney-in-fact on 10/09/2025.

Positive

• Disclosure completed under Section 16 showing compliance with reporting rules
• RSU and PRSU schedules disclosed with clear release dates 03/02/2026 and 03/01/2027

Negative

• Substantial equity exposure remains: 160,257 RSU-issuable shares plus 4,978 PRSUs
• Immediate dilution potential from staged PRSU releases in 2026 and 2027

Insights

Corporate Governance Analyst

Officer sold withheld shares to meet RSU tax obligations; significant remaining RSU exposure remains.

The transaction shows a withholding sale of 1,676 shares at $12.66 tied to RSU vesting rather than an open-market trading decision, which is a routine compliance step when equity awards vest.

Material future equity dilution and insider alignment remain relevant: 160,257 RSU-issuable shares plus 4,978 PRSUs remain outstanding with staged releases on 03/02/2026 and 03/01/2027, a near-term timeline investors may track for potential share supply changes.

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).

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^*

Truong Kristina

(Last) (First) (Middle)

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 Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/08/2025

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	10/08/2025		F		1,676(1)	D	$12.66	198,999(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 October 8, 2025. Each RSU represents a contingent right to receive one share of the Issuer's common stock.

2. Includes 160,257 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person and 4,978 shares of vested performance RSUs ("PRSUs"), of which 50% will be released in on March 2, 2026 and the remaining 50% will be released on March 1, 2027. Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.

Remarks:

	/s/ Arthi Chakravarthy, Attorney-in-Fact for Kristina Truong	10/09/2025
	** 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.

FAQ

What did Enovix (ENVX) officer Kristina Truong report on Form 4?

The officer reported a disposition of 1,676 shares at $12.66 on 10/08/2025, reflecting tax withholding for RSU vesting.

How many shares does Kristina Truong beneficially own after the transaction?

The filing reports 198,999 shares beneficially owned following the reported transaction.

How many RSU-issuable and performance RSU shares remain outstanding for the officer?

There are 160,257 RSU-issuable shares and 4,978 vested PRSUs remaining, with staged releases.

When will the performance RSU (PRSU) shares be released?

The PRSUs are scheduled to release 50% on 03/02/2026 and the remaining 50% on 03/01/2027.

Was the transaction an open-market sale or tax withholding?

The filing states the disposition reflects withholding of shares to satisfy tax obligations on RSU vesting, not a discretionary sale.