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  4. [Form 4] Enovix Corp Insider Trading Activity

Enovix CLO granted 18,546 RSU shares, 9,821 withheld

Chief Legal Officer Arthi Chakravarthy acquired 18,546 ENVX shares on Aug. 28, while 9,821 were withheld for tax payments at $3.36/share.

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

Rhea-AI Filing Summary

Enovix Corp (ENVX) reported that Chief Legal Officer Arthi Chakravarthy received an equity compensation award and related tax withholding transactions. On August 28, 2026, Chakravarthy acquired 18,546 shares of common stock at $0.00 per share from a fully vested RSU bonus award for the quarter ended July 5, 2026. On the same date, 9,821 shares of common stock were withheld at $3.36 per share to satisfy tax withholding obligations tied to the RSU vesting. Footnotes also state that Chakravarthy holds substantial unvested RSUs and PRSUs that may settle into additional shares in 2027 and 2028.

Positive

  • None.

Negative

  • None.
Insider Chakravarthy Arthi
Role Chief Legal Officer
Type Security Shares Price Value
Grant/Award Common Stock F1, F2 18,546 $0.00 $0.00
Tax Withholding Common Stock F3, F2 9,821 $3.36 $33K
Holdings After Transaction: Common Stock — 590,039 shares (Direct)
Footnotes (3)
  1. 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.
  2. F2. Includes 347,395 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as: (i) 10,393 vested performance restricted stock units ("PRSUs"), which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 58,500 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.
  3. F3. Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the vesting of RSUs.
RSU shares granted 18,546 shares of Common Stock Fully vested RSU award bonus for the quarter ended July 5, 2026; issued August 28, 2026
Grant price per share $0.00 per share Common stock issued upon RSU vesting to Arthi Chakravarthy
Shares withheld for taxes 9,821 shares of Common Stock Withheld on August 28, 2026 to satisfy tax withholding obligations for RSU vesting
Tax withholding price per share $3.36 per share Value applied to shares withheld for tax obligations on August 28, 2026
Unvested RSUs 347,395 shares issuable Shares issuable upon vesting and settlement of RSUs granted to the reporting person
Vested PRSUs pending release 10,393 PRSUs To be released to the reporting person in March 2027
Additional PRSUs 58,500 PRSUs 50% to be released in April 2027 and 50% in April 2028, each for one ENVX share
restricted stock units financial
"Reflects shares ... 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 restricted stock units financial
"Includes 347,395 shares issuable ... as well as: (i) 10,393 vested performance restricted stock units"
Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.
tax withholding obligations financial
"Reflects the withholding of shares ... to satisfy tax withholding obligations in connection"

FAQ

How many ENVX shares were withheld for Arthi Chakravarthy’s taxes?
On August 28, 2026, 9,821 ENVX shares were withheld at $3.36 per share to satisfy tax withholding obligations in connection with the vesting of restricted stock units.

What future RSU share potential does Arthi Chakravarthy have at ENVX?
Footnotes state that holdings include 347,395 shares issuable upon vesting and settlement of RSUs granted to Arthi Chakravarthy, which would convert into Enovix common stock as they vest and settle.

What PRSU awards are outstanding for Arthi Chakravarthy at Enovix (ENVX)?
Arthi Chakravarthy’s position includes 10,393 vested PRSUs scheduled for release in March 2027 and an aggregate of 58,500 PRSUs, with 50% to be released in April 2027 and the remainder in April 2028, each representing one ENVX share upon settlement.

Was Arthi Chakravarthy’s Form 4 for ENVX filed under a Rule 10b5-1 plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed (aff_10b5_one is false), and the footnotes do not state that the reported transactions were executed pursuant to a Rule 10b5-1 trading plan.

Did Arthi Chakravarthy buy or sell ENVX shares on the open market?
No open-market purchases or sales are reported. The Form 4 shows a grant of shares from vested RSUs and a withholding of shares to cover tax obligations related to that vesting, not discretionary market trades.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4
FORM 4UNITED 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).
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*
Chakravarthy Arthi
(Last)(First)(Middle)
C/O ENOVIX CORPORATION
3501 W. WARREN AVENUE
(Street)
FREMONT CALIFORNIA 94538
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Enovix Corp [ ENVX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Legal Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/28/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock08/28/2026A18,546(1)A$0599,860(2)D
Common Stock08/28/2026F9,821(3)D$3.36590,039(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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.
2. Includes 347,395 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as: (i) 10,393 vested performance restricted stock units ("PRSUs"), which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 58,500 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.
3. Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the vesting of RSUs.
Remarks:
/s/ Arthi Chakravarthy09/01/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR