Enovix insider RSU settlement: Arthi Chakravarthy net receives shares

Rhea-AI Filing Summary

Enovix Corp (ENVX) Chief Legal Officer Arthi Chakravarthy reported stock activity tied to vested restricted stock units. On 08/22/2025 Ms. Chakravarthy received 5,251 shares upon the settlement of fully vested RSUs that represent her bonus for the quarter ended 06/29/2025. To satisfy tax withholding she permitted the withholding/ disposition of 2,776 shares on 08/22/2025 and an additional 2,217 shares on 08/24/2025, each at a reported price of $10.51. Following these transactions the filing reports beneficial ownership totals of 433,434, then 430,658, and then 428,441 shares, with disclosed shares issuable upon RSU settlement of 343,244, 337,993, and 333,800 respectively. The form is signed 08/26/2025.

Positive

• Transparent compliance: The Form 4 clearly discloses RSU issuance and tax-withholding dispositions with explanatory footnotes.
• Routine compensation practice: Transactions reflect standard settlement of vested RSUs and tax withholding rather than opportunistic selling.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine executive compensation settlement with tax-withholding dispositions; limited market impact.

This Form 4 documents the conversion of fully vested RSUs into common stock for an executive and the customary withholding of shares to meet tax obligations. The transactions total 5,251 shares issued and 4,993 shares withheld across two dates at a reported price of $10.51. The filings show the evolving count of shares issuable upon RSU settlement, which is useful for modeling future dilution but does not indicate any unusual insider trading behavior or large-scale disposition.

Corporate Governance Expert

TL;DR: Standard compensation-related disclosures; actions align with common tax-withholding practices for RSU vesting.

The report identifies the reporting person as Chief Legal Officer and details a fully vested RSU award tied to quarterly bonus compensation. Withholding of shares to satisfy taxes is explicitly disclosed on two dates. The filing is complete with signature and explanatory footnotes describing shares issuable on settlement. This is a routine governance disclosure showing compliance with Section 16 reporting requirements.

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)
08/22/2025

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	08/22/2025		A		5,251(1)	A	$0	433,434(2)	D
Common Stock	08/22/2025		F		2,776(3)	D	$10.51	430,658(4)	D
Common Stock	08/24/2025		F		2,217(5)	D	$10.51	428,441(6)	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 shares of the Issuer's common stock issued to the Reporting Person upon the receipt of a fully vested award of restricted stock units ("RSUs") on August 22, 2025. These RSUs represent the Reporting Person's award bonus earned for the quarter ended June 29, 2025. Each RSU represents a contingent right to receive one share of Issuer's common stock.

2. Includes 343,244 shares issuable upon the settlement of RSUs granted to the Reporting Person.

3. Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the receipt of fully vested award of RSUs on August 22, 2025.

4. Includes 337,993 shares issuable upon the settlement of RSUs granted to the Reporting Person.

5. Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the vesting of RSUs on August 24, 2025.

6. Includes 333,800 shares issuable upon the settlement of RSUs granted to the Reporting Person.

Remarks:

	/s/ Arthi Chakravarthy	08/26/2025
	** 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 Enovix (ENVX) Chief Legal Officer Arthi Chakravarthy receive on 08/22/2025?

She received 5,251 shares upon settlement of fully vested RSUs awarded as a bonus for the quarter ended 06/29/2025.

Why were shares disposed on 08/22/2025 and 08/24/2025 in the ENVX Form 4?

The filing states 2,776 and 2,217 shares were withheld/disposed to satisfy tax withholding obligations related to the RSU vesting.

At what price were the withheld shares reported in the filing?

Both withholding/disposition entries are reported at a price of $10.51 per share.

How many shares does the filing show as issuable upon RSU settlement after these transactions?

The explanatory notes report shares issuable upon settlement of RSUs as 343,244, then 337,993, and then 333,800 following each reported step.

When was the Form 4 signed?

The Form 4 bears the signature of Arthi Chakravarthy dated 08/26/2025.