Enovix Form 4: CFO RSU Settlement on 08/22/2025 Shows Tax Withholding

Rhea-AI Filing Summary

Enovix Corp reporting person Ryan A. Benton, the company’s Chief Financial Officer and a director, received a fully vested award of 5,132 restricted stock units that settled into common stock on 08/22/2025. The filing shows 2,895 shares were withheld to satisfy tax obligations related to that RSU settlement. The report lists the reporting person’s beneficial ownership after the transactions as 753,884 shares in one line and 750,989 shares in another, with explanatory notes indicating the holdings include shares issuable upon settlement of outstanding RSUs.

Positive

• Receipt of fully vested RSUs (5,132 shares) signals continued executive compensation without unusual acceleration
• Timely disclosure of the transaction by the reporting person, including tax withholding details

Negative

• Share withholding (2,895 shares) reduced the net increase in beneficial ownership from the RSU settlement

Insights

Securities Analyst

TL;DR: Insider received a quarterly RSU bonus and withheld shares for taxes; transactions are routine compensation-related activity.

This Form 4 documents compensation-driven ownership changes rather than open-market trades or transfers. The CFO was issued 5,132 shares via fully vested RSUs on 08/22/2025 and had 2,895 shares withheld for tax withholding. Such filings typically reflect normal employee/executive compensation programs and do not indicate material corporate events or changes in control. The reported beneficial ownership figures incorporate shares issuable upon settlement of outstanding RSUs, per the explanatory notes.

Corporate Governance Expert

TL;DR: The disclosure is a routine, timely SEC update showing RSU settlement and tax withholding by an officer.

The Form 4 is compliant in scope and timing, identifying the reporting person, role (CFO and director), transaction dates, and amounts. The issuance of fully vested RSUs as a quarterly bonus is a standard compensation practice. Withholding of 2,895 shares to satisfy tax obligations is also typical and reduces net new shares delivered to the insider. There is no evidence in this filing of non-routine compensation acceleration or related-party transfers.

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^*

Benton Ryan A

(Last) (First) (Middle)

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 Financial 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		5,132(1)	A	$0	753,884(2)	D
Common Stock	08/22/2025		F		2,895(3)	D	$10.51	750,989(4)	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 753,884 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 748,752 shares issuable upon the settlement of RSUs granted to the Reporting Person.

Remarks:

	/s/ Arthi Chakravarthy, Attorney-in-Fact for Ryan Benton	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 Ryan A. Benton report on Form 4 for Enovix (ENVX)?

The Form 4 reports the CFO received 5,132 shares from fully vested RSUs on 08/22/2025 and had 2,895 shares withheld for taxes.

How many shares does the filing show as beneficially owned after the transactions?

The filing lists beneficial ownership amounts of 753,884 shares in one line and 750,989 shares in another, with notes that these totals include shares issuable upon settlement of RSUs.

Was the transaction an open-market trade or compensation-related?

The transaction was compensation-related: issuance of RSUs as a bonus, not an open-market purchase or sale.

When were the RSUs issued and settled?

The RSUs were issued and settled on 08/22/2025, reflecting a bonus earned for the quarter ended June 29, 2025.