[Form 4] Enovix Corporation Insider Trading Activity

Rhea-AI Filing Summary

Insider Form 4 snapshot

On 07/18/2025, Enovix Corporation (ENVX) President & CEO Raj Talluri disclosed a Code F transaction: 17,618 common shares were withheld by the issuer at $15.54 to cover taxes due on the vesting of restricted stock units (RSUs). No open-market trade or cash proceeds were involved.

After the tax-related disposition, Talluri’s direct beneficial ownership stands at 2,382,253 shares, of which 1,895,306 represent un-settled RSUs. The event is largely administrative, maintains a sizeable insider stake, and carries limited immediate market impact.

Positive

• CEO retains 2,382,253 shares, signalling continued alignment with shareholder interests
• No open-market sale; transaction purely covers tax obligations, limiting negative market perception

Negative

• No insider buying signal; the filing does not reflect increased management conviction through share purchases

Insights

Insider-Trading Analyst

TL;DR: Routine tax withholding; CEO still owns 2.38 M ENVX shares—neutral.

The Code F filing indicates shares surrendered to satisfy payroll taxes on RSU vesting, not an elective sale. Talluri’s post-transaction stake (≈2.4 M shares) remains substantial, aligning management with shareholders. No new options, purchases, or share sales were reported, so dilution or sentiment shifts are negligible. Overall, the disclosure is administrative and should not materially affect valuation or trading dynamics.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Talluri Rajendra K

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
07/18/2025

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	07/18/2025		F		17,618(1)	D	$15.54	2,382,253(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 18, 2025. Each RSU represents a contingent right to receive one share of the Issuer's common stock.

2. Includes 1,895,306 shares issuable upon the settlement of RSUs granted to the Reporting Person.

Remarks:

	/s/ Arthi Chakravarthy, Attorney-in-Fact for Raj Talluri	07/21/2025
	** 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 ENVX CEO Raj Talluri report in the Form 4?

He surrendered 17,618 shares on 07/18/2025 to cover taxes on vested RSUs.

Was the ENVX insider transaction an open-market sale?

No. Code F shows shares were withheld by the company for tax purposes, not sold on the market.

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

Talluri directly beneficially owns 2,382,253 shares, including 1,895,306 underlying RSUs.

Does the filing indicate bullish or bearish sentiment from management?

It is neutral; the action was administrative and does not involve discretionary buying or selling.

Will the tax-withholding transaction affect ENVX share count?

Shares withheld are returned to the issuer, resulting in no increase in outstanding shares and negligible impact on dilution.