Enovix (ENVX) CLO covers RSU tax bill with 2,443 shares

Rhea-AI Filing Summary

Enovix Corporation’s Chief Legal Officer, Arthi Chakravarthy, reported an automatic share withholding tied to equity compensation. On 01/24/2026, 2,443 shares of Enovix common stock were withheld at $7.53 per share to cover tax obligations triggered by the vesting of restricted stock units.

After this tax withholding, Chakravarthy beneficially owned 408,016 shares. This amount includes 278,713 shares issuable upon future RSU vesting and 20,786 vested performance RSUs, with 50% scheduled for release on March 2, 2026 and the remaining 50% on March 1, 2027.

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

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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).

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)
01/24/2026

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	01/24/2026		F		2,443(1)	D	$7.53	408,016(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").

2. Includes 278,713 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person and 20,786 shares of vested performance RSUs ("PRSUs"), of which 50% will be released in on March 2, 2026 and the remaining 50% will be released on March 1, 2027. Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.

Remarks:

	/s/ Arthi Chakravarthy	01/27/2026
	** 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 insider transaction did Enovix (ENVX) report for Arthi Chakravarthy?

Enovix reported that Chief Legal Officer Arthi Chakravarthy had 2,443 shares of common stock withheld at $7.53 per share. The withholding satisfied tax obligations arising from the vesting of restricted stock units, rather than an open-market sale or discretionary trade.

How many Enovix (ENVX) shares does the Chief Legal Officer own after this Form 4?

Following the reported transaction, Arthi Chakravarthy beneficially owned 408,016 Enovix shares. This figure includes currently held stock plus 278,713 shares tied to unvested RSUs and 20,786 vested performance RSUs that will settle into shares on specified future release dates.

Was the Enovix (ENVX) Form 4 transaction an open-market sale?

No, the transaction was not an open-market sale. The Form 4 shows a code “F” transaction, indicating 2,443 shares were withheld by Enovix to cover tax withholding obligations associated with RSU vesting, a routine administrative step for equity compensation.

What future share releases are scheduled for Enovix (ENVX) performance RSUs?

The filing notes 20,786 vested performance RSUs for Arthi Chakravarthy. Half of these are scheduled for release on March 2, 2026, and the remaining half on March 1, 2027, with each PRSU converting into one share of Enovix common stock upon settlement.

What does transaction code “F” mean in the Enovix (ENVX) Form 4?

Transaction code “F” indicates the issuer withheld shares to pay taxes due on equity awards. For Enovix, 2,443 shares were withheld from Arthi Chakravarthy’s vested RSUs at $7.53 per share, covering required tax withholding rather than reflecting a voluntary sale in the market.