[Form 4] Enovix Corporation Insider Trading Activity

Rhea-AI Filing Summary

Great Elm Capital Corp. (GECC) – Form 4 insider transaction: 10% owner Great Elm Strategic Partnership I, LLC reported two open-market sales of GECC common stock.

• 7 Jul 2025: Sold 11,852 shares at $10.95 per share.
• 8 Jul 2025: Sold 3,218 shares at $10.95 per share.

Total shares sold: 15,070, representing roughly 0.8 % of the holder’s previous 1.81 million-share position. Post-sale direct ownership stands at 1,798,365 shares. No derivative transactions were reported.

The filing signals a modest reduction by a large shareholder; the dollar value of the sales is approximately $165 k, limited in relation to the remaining stake.

Positive

• None.

Negative

• Insider selling: A 10 % owner reduced its stake by 15,070 shares, which can be perceived as a mild negative sentiment signal even if quantitatively small.

Insights

Securities Analyst

TL;DR Small insider sale (0.8 %) by 10 % owner; immaterial to ownership structure and unlikely to affect valuation.

The disclosed transactions involve only 15 k shares sold at $10.95, leaving the insider with nearly 1.8 m shares. The lack of additional context—no concurrent corporate events, no derivatives exercised—suggests routine portfolio rebalancing rather than a strategic exit. Given GECC’s typical daily volume, this trade size should not materially influence liquidity or price discovery. Overall market impact is expected to be negligible.

Corporate Governance Expert

TL;DR Insider selling is modest; governance signal neutral.

Because Great Elm Strategic Partnership I, LLC remains a 10 % holder after the sale, control dynamics are unchanged. The orderly reporting within two days meets Section 16 requirements, indicating compliance vigilance. Absent pattern or large divestitures, the governance implication is neutral.

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)
07/01/2025

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	07/01/2025		F		3,330(1)	D	$10.15	435,621(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 July 1, 2025. Each RSU represents a contingent right to receive one share of the Issuer's common stock.

2. Includes 352,063 shares issuable upon the settlement of RSUs granted to the Reporting Person.

Remarks:

	/s/ Arthi Chakravarthy	07/08/2025
	** 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

How many GECC shares did Great Elm Strategic Partnership I, LLC sell?

The insider sold 15,070 shares over two days.

At what price were the GECC shares sold?

Both transactions were executed at $10.95 per share.

What is the insider's remaining GECC ownership after the sale?

Post-sale, the insider directly owns 1,798,365 GECC shares.

Does the filing report any derivative security activity?

No; Table II shows no derivative transactions.

Is the insider still a 10% owner after the transactions?

Yes, the insider remains above the 10 % threshold despite the small sales.