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Enovix CAO Files Form 4 for Routine RSU Tax Withholding

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

Rhea-AI Filing Summary

Enovix Corp. (ENVX) – Form 4 insider transaction report filed 07/08/2025

  • Reporting person: Kristina Truong, Chief Accounting Officer.
  • Transactions: Two Code “F” dispositions (share withholding for tax on RSU vesting).
  • 07/01/2025 – 2,220 common shares withheld at $10.15.
  • 07/05/2025 – 637 common shares withheld at $11.39.
  • Post-transaction ownership: 210,054 common shares, including 179,180 RSUs that remain outstanding.
  • No open-market purchases or sales; activity is administrative to cover payroll tax obligations associated with restricted stock unit vesting.

The filing does not indicate any change in investment intent or strategic outlook; Truong continues to hold a substantial equity position.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Routine RSU tax withholding; no directional signal or material impact on ENVX.

Both reported transactions are coded “F,” meaning shares were automatically withheld to satisfy statutory tax on vested RSUs. Such dispositions are administrative, not discretionary sales, and therefore carry limited information about insider sentiment. Post-event ownership of 210,054 shares (including 179,180 unsettled RSUs) suggests the officer maintains significant exposure to the stock. From a market perspective, the filing is neutral and not expected to influence valuation or liquidity.

Insider Truong Kristina
Role Chief Accounting Officer
Type Security Shares Price Value
Tax Withholding Common Stock 637 $11.39 $7K
Tax Withholding Common Stock 2,220 $10.15 $23K
Holdings After Transaction: Common Stock — 210,054 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 July 1, 2025. Each RSU represents a contingent right to receive one share of the Issuer's common stock. Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the vesting of RSUs on July 5, 2025. Includes 179,180 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*
Truong Kristina
(Last) (First) (Middle)
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 Accounting 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 2,220(1) D $10.15 210,691 D
Common Stock 07/05/2025 F 637(2) D $11.39 210,054(3) 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. Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the vesting of RSUs on July 5, 2025.
3. Includes 179,180 shares issuable upon the settlement of RSUs granted to the Reporting Person.
Remarks:
/s/ Arthi Chakravarthy, Attorney-in-Fact for Kristina Truong 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did ENVX report on the latest Form 4?

ENVX disclosed two administrative share dispositions (2,220 and 637 shares) by CAO Kristina Truong to cover RSU tax withholding.

Were the ENVX insider transactions open-market sales?

No. Both transactions were Code “F” share withholdings, not open-market trades, executed solely to pay taxes on vested RSUs.

How many ENVX shares does Kristina Truong own after the transactions?

She beneficially owns 210,054 common shares, which include 179,180 shares underlying outstanding RSUs.

Does the Form 4 signal positive or negative insider sentiment for ENVX?

The filing is neutral; tax-related withholdings neither increase nor decrease the officer’s economic exposure.

What were the prices associated with the share withholdings?

Shares were withheld at $10.15 on 07/01/2025 and $11.39 on 07/05/2025.