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Enovix (ENVX) Chief Legal Officer details RSU tax withholding and share awards

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

Rhea-AI Filing Summary

Enovix Corp's Chief Legal Officer, Arthi Chakravarthy, reported an automatic share withholding tied to equity compensation. On December 24, 2025, 2,217 shares of Enovix common stock were withheld at $8.27 per share to cover tax obligations arising from the vesting of restricted stock units (RSUs). After this transaction, Chakravarthy beneficially owned 418,228 shares, including 297,316 shares issuable upon future RSU vesting and 20,786 vested performance RSUs. Half of these performance RSUs are scheduled to be released on March 2, 2026, with the remaining half scheduled for release on March 1, 2027, each representing the right to receive one share of Enovix common stock.

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Insider Chakravarthy Arthi
Role Chief Legal Officer
Type Security Shares Price Value
Tax Withholding Common Stock 2,217 $8.27 $18K
Holdings After Transaction: Common Stock — 418,228 shares (Direct)
Footnotes (1)
  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 December 24, 2025. Includes 297,316 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person and 20,786 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.
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Form 4 Insider Transactions: What Each Field Means →
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).
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 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 Legal Officer
3. Date of Earliest Transaction (Month/Day/Year)
12/24/2025
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 12/24/2025 F 2,217(1) D $8.27 418,228(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 December 24, 2025.
2. Includes 297,316 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person and 20,786 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 12/29/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Enovix (ENVX) report for Arthi Chakravarthy?

Enovix reported that Chief Legal Officer Arthi Chakravarthy had 2,217 shares of common stock withheld on December 24, 2025 to satisfy tax withholding obligations related to vesting restricted stock units.

How many Enovix (ENVX) shares does the reporting person beneficially own after this transaction?

Following the reported transaction, Arthi Chakravarthy beneficially owned 418,228 Enovix common shares, including shares underlying unvested and performance-based restricted stock units.

Why were 2,217 Enovix (ENVX) shares withheld from Arthi Chakravarthy?

The 2,217 shares were withheld to cover tax withholding obligations triggered by the vesting of restricted stock units on December 24, 2025.

What RSU and PRSU awards are included in Arthi Chakravarthy’s Enovix (ENVX) holdings?

The holdings include 297,316 shares issuable upon vesting and settlement of RSUs and 20,786 vested performance RSUs, each representing the right to receive one Enovix common share.

When will Arthi Chakravarthy’s Enovix (ENVX) performance RSUs be released?

Of the 20,786 vested performance RSUs, 50% are scheduled to be released on March 2, 2026, and the remaining 50% on March 1, 2027.

What is Arthi Chakravarthy’s role at Enovix (ENVX)?

Arthi Chakravarthy is identified as an Officer of Enovix Corp, serving as the company’s Chief Legal Officer.