[Form 4] Enovix Corporation Warrant Insider Trading Activity

Rhea-AI Filing Summary

Enovix Corp (ENVX) insider Ajay Marathe reported equity transactions on Form 4 dated 08/22/2025. Marathe, who serves as Chief Operating Officer, received 7,449 shares of common stock upon settlement of fully vested restricted stock units (RSUs) that represent a quarterly bonus for the period ended June 29, 2025. To satisfy tax withholding on that issuance, 3,937 shares were withheld and disposed of at a price of $10.51 per share. After these transactions Marathe beneficially owned 1,160,527 shares (the filing also notes 1,164,464 and 1,160,527 as post-transaction tallies reflecting RSU totals). The form was signed by an attorney-in-fact on 08/26/2025.

Insights

Financial Analyst

TL;DR: Executive received a routine RSU bonus and sold a small portion to cover taxes; impact on ownership is modest and routine.

The 7,449-share issuance reflects a fully vested RSU bonus tied to the quarter ended June 29, 2025, which aligns executive compensation to shareholder outcomes. The withholding of 3,937 shares to satisfy tax obligations is standard practice and was executed at $10.51 per share. The net change in beneficial ownership is small relative to the reported >1.16 million shares held, suggesting limited immediate dilution or change in control dynamics. No derivative transactions were reported.

Corporate Governance Expert

TL;DR: Compensation payment via vested RSUs is a routine governance event; withholding for taxes raises no governance concerns.

The filing documents a fully vested equity award and corresponding tax withholding disposition, both common in executive compensation administration. The report clarifies the nature of the RSUs and the shares withheld for taxes, and it was properly executed by an attorney-in-fact. There are no indications of unusual timing, related-party transfers, or atypical disposal codes beyond standard practice.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Marathe Ajay

(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 Operating 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		7,449(1)	A	$0	1,164,464(2)	D
Common Stock	08/22/2025		F		3,937(3)	D	$10.51	1,160,527(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 818,232 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 810,783 shares issuable upon the settlement of RSUs granted to the Reporting Person.

Remarks:

	/s/ Arthi Chakravarthy, Attorney-in-Fact for Ajay Marathe	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 transactions did Ajay Marathe report on Form 4 for Enovix (ENVX)?

He reported receipt of 7,449 shares upon settlement of fully vested RSUs on 08/22/2025 and the withholding disposition of 3,937 shares to satisfy tax withholding at $10.51 per share.

How many Enovix shares does Ajay Marathe beneficially own after the reported transactions?

The filing reports beneficial ownership of 1,160,527 shares following the transactions.

Why were some shares disposed of in the Form 4 filing?

The filing states 3,937 shares were withheld and disposed of to satisfy tax withholding obligations related to the RSU settlement.

What was the purpose of the 7,449 shares issued to Marathe?

They represent a fully vested award of restricted stock units as the reporting person's award bonus for the quarter ended June 29, 2025.

Were any derivative securities reported in this Form 4?

No derivative securities were reported in Table II; only non-derivative common stock transactions are described.