Enovix (ENVX) COO Michael Vyvoda awarded 932,400 RSUs plus vested shares
Rhea-AI Filing Summary
Enovix Corp’s Chief Operating Officer Michael Vyvoda reported equity compensation transactions in common stock. He was granted 932,400 restricted stock units (RSUs), each representing one share, vesting 25% on August 5, 2026 and the remainder in 12 quarterly installments, subject to continuous service. He also received 23,310 fully vested shares upon RSU settlement and had 13,579 shares withheld at $4.29 per share to satisfy tax withholding obligations related to RSU vesting. A portion of his reported holdings now includes the 932,400 unvested RSUs that will settle into shares over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 942,131 shares
Net Buy
3 txns
Insider
Vyvoda Michael
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 932,400 | $0.00 | $0.00 |
| Grant/Award | Common Stock F2 | 23,310 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F3, F4 | 13,579 | $4.29 | $58K |
Holdings After Transaction:
Common Stock — 942,131 shares (Direct)
Footnotes (4)
- F1. Reflects shares issuable upon the settlement of restricted stock units ("RSUs") granted to the Reporting Person. Each RSU represents a contingent right to receive one share of the Issuer's common stock. 25% of the RSUs will vest on the one-year anniversary of the vesting commencement date (August 5, 2026) and the remaining balance will vest in 12 equal quarterly installments each quarter thereafter, subject to the Reporting Person's continuous service through each applicable vesting date.
- F2. Represents shares of the Issuer's common stock issued to the Reporting Person upon the receipt of a fully vested award of RSUs on August 5, 2026.
- F3. Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the immediate vesting of RSUs.
- F4. Includes 932,400 shares issuable upon the settlement of RSUs granted to the Reporting Person.
Key Figures
RSU grant size: 932,400 shares
Vested shares issued: 23,310 shares
Shares withheld for taxes: 13,579 shares
+1 more
4 metrics
RSU grant size
932,400 shares
Shares issuable upon settlement of RSUs granted to the COO
Vested shares issued
23,310 shares
Common shares issued upon receipt of a fully vested RSU award on August 5, 2026
Shares withheld for taxes
13,579 shares
Shares withheld to satisfy tax withholding obligations on RSU vesting
Tax withholding price
$4.29 per share
Per‑share value used for withholding 13,579 shares for tax obligations
Key Terms
restricted stock units ("RSUs"), vesting commencement date, continuous service, tax withholding obligations
4 terms
restricted stock units ("RSUs") financial
"Reflects shares issuable upon the settlement of restricted stock units ("RSUs") granted"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
vesting commencement date financial
"25% of the RSUs will vest on the one-year anniversary of the vesting commencement date"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
continuous service financial
"thereafter, subject to the Reporting Person's continuous service through each applicable vesting date"
tax withholding obligations financial
"to satisfy tax withholding obligations in connection with the immediate vesting of RSUs"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity awards did Enovix (ENVX) grant to COO Michael Vyvoda?
Enovix granted COO Michael Vyvoda 932,400 RSUs, each convertible into one share of common stock. 25% vest on August 5, 2026, with the remainder vesting in 12 equal quarterly installments, contingent on his continuous service with the company.
What is the vesting schedule for the 932,400 Enovix (ENVX) RSUs?
For the 932,400 RSUs, 25% will vest on the one‑year anniversary of the vesting commencement date, August 5, 2026. The remaining balance will vest in 12 equal quarterly installments, conditioned on Vyvoda’s continuous service through each vesting date.
Do the reported Enovix (ENVX) transactions involve open‑market buying or selling?
The reported transactions reflect equity compensation activity, not open‑market trades. They include RSU grants, issuance of shares upon RSU vesting, and withholding of shares to cover tax obligations related to that vesting, all at no purchase price to the executive.