Enovix (ENVX) CLO disposes shares to cover RSU tax withholding

Rhea-AI Filing Summary

Enovix Corp Chief Legal Officer Arthi Chakravarthy reported a tax-withholding disposition of 2,221 shares of common stock on February 24, 2026, at $6.11 per share, to cover taxes on vested RSUs. Following this, she holds 404,856 shares, including unvested RSUs and performance RSUs with future release dates.

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)
02/24/2026

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	02/24/2026		F		2,221(1)	D	$6.11	404,856(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 272,753 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	02/26/2026
	** 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).
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FAQ

What insider transaction did Enovix (ENVX) report for Arthi Chakravarthy?

Enovix reported that Chief Legal Officer Arthi Chakravarthy had 2,221 shares of common stock withheld on February 24, 2026. The shares were withheld at $6.11 each to satisfy tax obligations related to the vesting of restricted stock units.

Was the Enovix (ENVX) Form 4 a market sale by the insider?

No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to cover tax liabilities arising from RSU vesting, a common administrative transaction for equity compensation.

How many Enovix (ENVX) shares does Arthi Chakravarthy hold after this transaction?

After the tax-withholding disposition, Arthi Chakravarthy is reported to own 404,856 shares of Enovix common stock. This total includes shares underlying unvested restricted stock units and vested performance RSUs as described in the filing’s footnotes.

What RSU and PRSU awards are reported for Enovix (ENVX) CLO Arthi Chakravarthy?

The filing notes 272,753 shares issuable upon vesting and settlement of RSUs granted to Arthi Chakravarthy. It also lists 20,786 vested performance RSUs, each representing a right to receive one share of Enovix common stock upon settlement.

When will Arthi Chakravarthy’s Enovix (ENVX) performance RSUs be released?

According to the filing, 20,786 vested performance RSUs will be released in two equal installments. Half are scheduled for release on March 2, 2026, and the remaining half on March 1, 2027, subject to the award terms.

What role does Arthi Chakravarthy hold at Enovix (ENVX)?

Arthi Chakravarthy serves as Chief Legal Officer at Enovix. Her Form 4 filing reflects equity compensation activity, including restricted stock units and performance RSUs, along with a tax-withholding share disposition related to RSU vesting.