Raj Talluri, President and CEO of Enovix Corp (ENVX), reported a transaction on 10/01/2025 in which 15,539 shares of common stock were disposed to satisfy tax withholding related to the vesting of restricted stock units (RSUs) at a price of $11.11 per share. After this withholding, the filing shows the Reporting Person beneficially owns 2,352,762 shares, which includes 1,782,997 shares issuable upon settlement of outstanding RSUs. The Form 4 was signed by an attorney-in-fact on 10/03/2025.
Enovix (ENVX) filed a Form 4 disclosing an insider tax-withholding transaction. On 10/01/2025, the Chief Accounting Officer reported a code F event tied to RSU vesting, with 2,221 shares withheld at $11.11 to cover taxes.
Following the transaction, direct beneficial ownership was 201,312 shares. The filing notes 164,632 additional shares are issuable upon settlement of previously granted RSUs. Each RSU represents one share of common stock.
Enovix Corp (ENVX) insider transaction: Chief Legal Officer Arthi Chakravarthy reported a disposition of 2,217 shares of Enovix common stock on 09/24/2025 at a price of $10.31 per share. The filing states the sale reflects shares withheld to satisfy tax withholding obligations upon RSU vesting rather than an open-market sale. After the transaction, Chakravarthy beneficially owned 434,803 shares, which includes 327,840 shares issuable upon settlement of RSUs. The Form 4 is signed 09/26/2025 and contains no other transactions or derivative activity.
Talluri Rajendra K, President and CEO and director of Enovix Corporation (ENVX), reported a transaction on 09/18/2025 showing 17,617 shares of common stock disposed of at a price of $9.96. The filing explains these shares were withheld to satisfy tax withholding obligations upon the vesting of restricted stock units (RSUs). After the withholding, the reporting person beneficially owned 2,368,301 shares, which includes 1,812,399 shares issuable upon settlement of outstanding RSUs. The Form 4 was signed by an attorney-in-fact on 09/19/2025.
Insider transfer and holdings update: Thurman J. Rodgers, a director and greater-than-10% owner of Enovix Corporation, reported transactions on 09/18/2025. He transferred 5,635 shares to the Rodgers Massey Revocable Living Trust dated 4/4/11, of which he is trustee and retains voting and dispositive power. On the same date, 5,635 shares were acquired (reported as an acquisition at $0). Following these transactions, Rodgers directly holds 16,908 shares reported as issuable upon settlement of restricted stock units (RSUs) and indirectly holds additional shares through trust accounts, including 1,120,114 shares held in a trust and other trust-held shares, with total indirect beneficial ownership noted as 20,864,042 shares.
Kristina Truong, Chief Accounting Officer of Enovix Corp (ENVX), reported a tax-withholding disposition related to RSU vesting on 09/13/2025. The filing shows 1,013 shares of common stock were withheld at a price of $8.14 to satisfy tax obligations arising from RSUs that vested that day. After the withholding, the Reporting Person beneficially owned 203,533 shares, which includes 168,833 shares issuable upon settlement of outstanding RSUs. The form was signed by an attorney-in-fact on 09/16/2025. The disclosure is a routine Section 16 report documenting share withholding for taxes upon RSU settlement.
Enovix Corp insider Ajay Marathe, the company's Chief Operating Officer, reported a transaction on Form 4 showing the disposition of 7,338 shares on 09/14/2025. The filing states these shares were withheld to satisfy tax obligations associated with the vesting of restricted stock units (RSUs). After the withholding, the reporting person beneficially owns 1,151,699 shares, which includes 794,081 shares issuable upon settlement of outstanding RSUs. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Marathe on 09/16/2025.
Enovix Corporation completed a private offering of $360 million aggregate principal amount of 4.75% Convertible Senior Notes due 2030. The notes are unsecured, pay 4.75% interest semiannually, and are convertible into common stock at an initial rate of 89.2160 shares per $1,000 principal amount, implying an initial conversion price of approximately $11.21 per share, a premium of about 22.5% over the last reported share price on September 10, 2025.
The company received net proceeds of approximately $348.6 million, using about $45.3 million to enter capped call transactions intended to offset interim dilution from conversions up to cap prices between $16.47 and $20.13. Enovix plans to use the remaining funds for general corporate purposes, including potentially funding acquisitions in the battery ecosystem. Based on the initial maximum conversion rate of 109.2896 shares per $1,000 principal amount, up to 39,344,256 shares of common stock may ultimately be issuable upon conversion, highlighting meaningful potential equity dilution alongside the added capital.