[Form 4] Enovix Corporation Warrant Insider Trading Activity

Rhea-AI Filing Summary

Raj Talluri K, President, CEO and a director of Enovix Corporation, reported on Form 4 that 22,857 shares of common stock were issued to him on 08/07/2025 upon the exercise of publicly-traded warrants. The warrants were distributed by the company on July 21, 2025 and carried an exercise price of $8.75 per share. After the transaction, the filing shows the reporting person beneficially owned 2,405,110 shares, which includes 1,895,306 shares issuable upon settlement of restricted stock units (RSUs). The Form 4 was signed by an attorney-in-fact on 08/11/2025.

Positive

• Director and CEO increased direct holdings by acquiring 22,857 shares through warrant exercise, aligning leadership with shareholder interests
• Significant equity alignment remains: total reported beneficial ownership of 2,405,110 shares includes 1,895,306 RSUs issuable to the reporting person

Negative

• None.

Insights

Financial Analyst

TL;DR: CEO exercised warrants converting them into 22,857 shares at $8.75, leaving total reported beneficial holding of 2.405 million shares.

The exercise of publicly-distributed warrants by the company’s President and CEO increased his direct common stock position by 22,857 shares at an explicit exercise price of $8.75. The filing also discloses a large portion of his reported position consists of RSUs (1,895,306 shares issuable). For investors, this is a straightforward insider equity conversion rather than a cash-market purchase; it clarifies ownership stakes but does not provide sales or market trades that would signal liquidity actions.

Corporate Governance Expert

TL;DR: Insider exercised warrants distributed by the issuer; disclosure aligns with Section 16 reporting obligations and shows significant equity alignment via RSUs.

The Form 4 discloses compliance with disclosure rules for an executive officer and director. The report documents that warrants distributed on July 21, 2025, were exercised on August 7, 2025, producing 22,857 shares, and confirms substantial additional equity exposure through nearly 1.9 million RSUs. This demonstrates continued equity-based compensation and alignment of management with shareholder outcomes; the filing contains no indications of atypical governance events or departures from required disclosures.

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
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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)
08/07/2025

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	08/07/2025		X		22,857(1)	A	$8.75	2,405,110(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 shares issued to the Reporting Person upon the exercise of publicly-traded warrants ("Warrants"). The Warrants were distributed by the Issuer on July 21, 2025, and each Warrant entitles the holder to purchase one share of common stock at an exercise price of $8.75 per share in accordance with the Warrant Agreement dated July 21, 2025 between the Issuer and Computershare Trust Company N.A., as warrant agent (the Warrant Agreement).

2. Includes 1,895,306 shares issuable upon the settlement of RSUs granted to the Reporting Person.

Remarks:

	/s/ Arthi Chakravarthy, Attorney-in-Fact for Raj Talluri	08/11/2025
	** 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 the Enovix insider filing (ENVXW) report on 08/07/2025?

The Form 4 reports that the reporting person exercised warrants on 08/07/2025, resulting in issuance of 22,857 shares of common stock at an exercise price of $8.75 per share.

How many shares does Raj Talluri beneficially own after the transaction?

The filing shows a total beneficial ownership of 2,405,110 shares following the reported transaction.

How many RSU shares are included in the reported ownership on the Form 4?

The Form 4 states that 1,895,306 shares are issuable upon settlement of restricted stock units granted to the reporting person.

When were the warrants that were exercised by the reporting person distributed?

The warrants were distributed by the issuer on July 21, 2025, under a Warrant Agreement with Computershare Trust Company N.A.

Who signed the Form 4 and when was it filed?

The Form 4 was signed by an attorney-in-fact, Arthi Chakravarthy, on behalf of Raj Talluri on 08/11/2025.