Enovix CAO gets 12,512-share stock bonus award
Truong’s Aug. 28 fully vested award came with 6,626 shares withheld for taxes, and her remaining RSUs are slated for release from March 2027 through April 2028.
Rhea-AI Filing Summary
Enovix Corp (ENVX) reported that Chief Accounting Officer Kristina Truong received a fully vested award of 12,512 shares of common stock on August 28, 2026, as settlement of RSUs earned for the quarter ended July 5, 2026. On the same date, 6,626 shares were withheld at $3.36 per share to satisfy tax withholding obligations. Truong also has 197,114 RSUs and performance RSUs totaling 37,767 shares scheduled for release in March and April 2027 and April 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Truong Kristina
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 12,512 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F3, F2 | 6,626 | $3.36 | $22K |
Holdings After Transaction:
Common Stock — 308,767 shares (Direct)
Footnotes (3)
- F1. Reflects shares of the Issuer's common stock issued to the Reporting Person upon the receipt of a fully vested award of restricted stock units ("RSUs") on August 28, 2026. The RSUs represented the Reporting Person's award bonus earned for the quarter ended July 5, 2026.
- F2. Includes 197,114 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. Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
- F3. Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the vesting of RSUs.
Key Figures
RSU shares granted/issued: 12,512 shares of Common Stock
Shares withheld for taxes: 6,626 shares of Common Stock
Tax withholding price per share: $3.36 per share
+3 more
6 metrics
RSU shares granted/issued
12,512 shares of Common Stock
Fully vested RSU award settled on August 28, 2026 as quarterly bonus
Shares withheld for taxes
6,626 shares of Common Stock
Withheld on August 28, 2026 to satisfy tax withholding on RSU vesting
Tax withholding price per share
$3.36 per share
Applied to 6,626 shares withheld for tax obligations
Unvested/settlement RSUs
197,114 shares
Shares issuable upon vesting and settlement of RSUs held by the reporting person
PRSUs March 2027 release
2,489 PRSUs
Vested performance RSUs to be released in March 2027
PRSUs April 2027–2028 releases
35,278 PRSUs
Aggregate performance RSUs, half released April 2027 and half April 2028
Key Terms
restricted stock units, performance RSUs, withholding of shares, contingent right
4 terms
restricted stock units financial
"issued to the Reporting Person upon the receipt of a fully vested award of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance RSUs financial
"as well as the following vested performance RSUs ("PRSUs"): (i) 2,489 PRSUs"
Performance RSUs are promises to deliver company shares to executives or employees only if the business meets preset goals such as revenue, profit, stock price, or operational targets. They matter to investors because they align management pay with measurable company results and can affect the number of shares outstanding and future earnings per share once the shares are issued. Think of them as a bonus paid in stock that only arrives if the team hits the agreed milestones.
contingent right financial
"Each PRSU represents a contingent right to receive one share of the Issuer's common stock"
FAQ
What equity award did Enovix (ENVX) grant to Kristina Truong on August 28, 2026?
Enovix granted Kristina Truong a fully vested award of 12,512 shares of common stock on August 28, 2026, upon receipt of RSUs representing her award bonus for the quarter ended July 5, 2026.
What RSU balance does Kristina Truong hold at Enovix (ENVX) after this Form 4?
The holdings include 197,114 shares issuable upon vesting and settlement of RSUs, plus vested performance RSUs totaling 37,767 shares scheduled for future releases, as described in the filing footnotes.
When will Kristina Truong’s performance RSUs in Enovix (ENVX) be released?
The filing states that 2,489 PRSUs will be released in March 2027, and an aggregate of 35,278 PRSUs will be released 50% in April 2027 and the remainder in April 2028.
Was Kristina Truong’s Enovix (ENVX) Form 4 transaction under a Rule 10b5-1 plan?
No. The document-level Rule 10b5-1 box is indicated as false, and the footnotes describe bonus-related RSU vesting and related tax withholding, not a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.