Enovix Insider Filing: 2,217 Shares Withheld, 438k Stake Remains

Rhea-AI Filing Summary

Enovix Corporation (ENVX) – Form 4 insider filing: Chief Legal Officer Arthi Chakravarthy reported an automatic share withholding related to the vesting of restricted stock units (RSUs) on 24 June 2025. The Form 4 lists 2,217 common shares withheld under transaction code “F,” which denotes payment of tax liabilities by retaining/disposing issuer shares rather than a discretionary market sale. The shares were valued at $8.60 each, implying an aggregate value of roughly $19 k for tax settlement purposes.

Following the withholding, Chakravarthy’s beneficial ownership stands at 438,951 common shares, of which 358,363 are still issuable upon settlement of unvested RSUs. Ownership is shown as direct. The filing contains no purchases, open-market sales, option exercises, or 10b5-1 plan indications, and therefore does not signal a change in investment sentiment. It is a routine administrative transaction that does not alter the executive’s net economic exposure to ENVX in a meaningful way.

Insights

Financial Analyst

TL;DR: Routine tax-withholding; ownership essentially unchanged, no market signal.

The F-code withholding of 2,217 shares (<1% of the officer’s stake) is a non-discretionary event triggered by RSU vesting. Post-transaction holdings of 438,951 shares (incl. 358,363 RSUs) indicate sustained alignment with shareholders. No implication for earnings, liquidity, or capital structure. Market impact should be negligible given ENVX’s average daily volume and the small dollar amount (~$19 k).

Corporate Governance Expert

TL;DR: Administrative Form 4; complies with Section 16 reporting, neutral governance signal.

The executive filed within two business days, adhering to SEC timeliness. No 10b5-1 plan box was checked, reaffirming the non-discretionary nature of the withholding. Such filings maintain transparency but do not convey strategic intent. Insider’s continued large position (≈439 k shares) supports incentive alignment. Overall governance impact neutral.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Chakravarthy Arthi

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	2,217	$8.60	$19K

Holdings After Transaction: Common Stock — 438,951 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 June 24, 2025. Each RSU represents a contingent right to receive one share of the Issuer's common stock. Includes 358,363 shares issuable upon the settlement of RSUs granted to the Reporting Person.

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)
06/24/2025

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	06/24/2025		F		2,217(1)	D	$8.6	438,951(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 June 24, 2025. Each RSU represents a contingent right to receive one share of the Issuer's common stock.

2. Includes 358,363 shares issuable upon the settlement of RSUs granted to the Reporting Person.

Remarks:

	/s/ Arthi Chakravarthy	06/26/2025
	** 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) disclose in the latest Form 4?

Chief Legal Officer Arthi Chakravarthy reported an F-code tax-withholding of 2,217 common shares on 24 June 2025.

How many ENVX shares does the executive own after the transaction?

Post-withholding, Chakravarthy beneficially owns 438,951 shares, including 358,363 unvested RSUs.

Was this a discretionary sale on the open market?

No. The “F” transaction code indicates shares were withheld solely to cover taxes due at RSU vesting.

What price was used for the share withholding?

The shares were valued at $8.60 per share for tax purposes.

Did the filing reference a Rule 10b5-1 trading plan?

No. The 10b5-1 box was not selected, underscoring that the transaction was non-plan and automatic.

When were the Form 4 and the underlying transaction dated?

Transaction date: 24 June 2025; Form 4 signed and filed on 26 June 2025.