ENVX Form 4: Chief Legal Officer RSU Vesting, 332,034 Shares Issuable

Rhea-AI Filing Summary

Enovix Corp insider Arthi Chakravarthy, the company's Chief Legal Officer, reported a transaction on 09/08/2025 in which 934 shares of common stock were disposed under transaction code F to satisfy tax withholding related to the vesting of restricted stock units (RSUs). The filing states each RSU converts to one share and that 332,034 shares are issuable upon settlement of RSUs granted to the reporting person. After the reported disposition, the reporting person beneficially owns 437,020 shares (directly held). The disclosure is a routine Section 16 Form 4 reporting an RSU vesting and tax withholding event.

Positive

• Reporting officer retains significant ownership: 437,020 shares beneficially owned after the transaction
• Transparency on RSUs: filing discloses 332,034 shares issuable upon settlement of RSUs, clarifying future potential dilution

Negative

• Shares were disposed (934 shares) to satisfy tax withholding upon RSU vesting, reducing immediate share count

Insights

Securities Compliance Analyst

TL;DR Routine RSU vesting with tax-withholding sale; disclosure aligns with Section 16 reporting requirements and shows continued insider ownership.

The Form 4 documents a customary disposition of 934 shares under code F, which the filer explains were withheld to satisfy tax obligations upon RSU vesting on 09/08/2025. The filing quantifies 332,034 shares issuable on RSU settlement and reports 437,020 shares beneficially owned after the transaction. This is procedural and consistent with common equity compensation settlement practices; there are no indications of unusual trading patterns or coordinated group filings. The entry appears complete for its scope, with signature dated 09/09/2025.

Corporate Governance Expert

TL;DR Disclosure shows standard insider vesting and withholding; maintains transparency on officer ownership levels.

The report clarifies the nature of the transaction as tax-withholding related to RSU vesting and provides the key counts: 934 shares withheld, 332,034 RSU shares issuable, and 437,020 shares beneficially owned. From a governance perspective, timely filing and clear explanation meet regulatory expectations for officers reporting changes in beneficial ownership. No material governance concerns are raised by the filing itself.

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)
09/08/2025

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	09/08/2025		F		934(1)	D	$9.39	437,020(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") on September 8, 2025. Each RSU represents a contingent right to receive one share of the Issuer's common stock.

2. Includes 332,034 shares issuable upon the settlement of RSUs granted to the Reporting Person.

Remarks:

	/s/ Arthi Chakravarthy	09/09/2025
	** 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 transaction did Arthi Chakravarthy report on Form 4 for Enovix (ENVX)?

The Form 4 reports a disposition of 934 shares on 09/08/2025 under code F to satisfy tax withholding related to RSU vesting.

How many RSU-related shares are issuable to the reporting person?

The filing states 332,034 shares are issuable upon settlement of RSUs granted to the reporting person.

How many Enovix shares does the reporting person beneficially own after the transaction?

After the reported transaction, the reporting person beneficially owns 437,020 shares.

What does transaction code F mean in this Form 4?

In this filing, code F indicates a disposition to satisfy tax withholding obligations associated with RSU vesting.

Is this Form 4 filing indicative of unusual insider trading activity for ENVX?

The filing documents a routine compensation-related withholding and provides no evidence of unusual or coordinated trading beyond the RSU settlement.