ENVX Form 4: 4,292 Shares Withheld for RSU Taxes at $9.39

Rhea-AI Filing Summary

Raj Talluri, President and CEO and a director of Enovix Corporation, reported a routine sale of common stock to satisfy tax withholding on RSU vesting. The Form 4 shows a transaction dated 09/08/2025 in which 4,292 shares were disposed of at a price of $9.39 to satisfy tax withholding tied to RSU vesting. After the transaction the reporting person beneficially owned 2,385,918 shares, which includes 1,845,732 shares issuable upon settlement of outstanding RSUs. The filing was signed on behalf of the reporting person on 09/09/2025 by an attorney-in-fact.

Positive

• Reporting person retains substantial ownership: 2,385,918 shares beneficially owned including 1,845,732 RSU-settling shares
• Transaction was administrative: 4,292 shares withheld solely to satisfy tax withholding on vested RSUs

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine tax-withholding sale on RSU vesting; insider retains substantial equity, suggesting alignment with shareholders.

The Form 4 documents a common, non-discretionary withholding of 4,292 shares to satisfy tax obligations arising from RSU vesting. This is a standard administrative action and does not indicate an active share disposition for liquidity or diversification. The reporting person continues to hold 2,385,918 shares in aggregate, including 1,845,732 RSU-settling shares, which represents meaningful ownership and ongoing alignment with company performance.

Securities Analyst

TL;DR: Transaction is operational rather than market-driven; impact on share count and float is immaterial given total holdings.

The 4,292-share disposal at $9.39 is explicitly to cover taxes on vested RSUs and therefore should be treated as routine compensation settlement mechanics. The reported beneficial ownership figure provides useful context on insider exposure: 2,385,918 shares owned post-transaction, including significant RSU holdings (1,845,732 shares). There is no indication of additional open-market sales or change in trading intent in this filing.

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

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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^*

Talluri Rajendra K

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

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		4,292(1)	D	$9.39	2,385,918(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 1,845,732 shares issuable upon the settlement of RSUs granted to the Reporting Person.

Remarks:

	/s/ Arthi Chakravarthy, Attorney-in-Fact for Raj Talluri	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 did Raj Talluri report on the Form 4 for Enovix (ENVX)?

The Form 4 reports the withholding and disposition of 4,292 shares on 09/08/2025 to satisfy tax withholding from RSU vesting.

At what price were the shares disposed of in the Form 4?

The Form 4 lists a disposal price of $9.39 per share for the 4,292 shares withheld.

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

After the transaction the reporting person beneficially owned 2,385,918 shares, which includes 1,845,732 shares issuable upon settlement of RSUs.

Why were the 4,292 shares disposed of according to the filing?

The filing states the shares were withheld to satisfy tax withholding obligations in connection with the vesting of restricted stock units on 09/08/2025.

Who signed the Form 4 and when?

The Form 4 was signed by Arthi Chakravarthy, Attorney-in-Fact for Raj Talluri on 09/09/2025.