ENVX Insider Filing: COO Marathe Withholds 1,490 Shares for Taxes

Rhea-AI Filing Summary

Ajay Marathe, Chief Operating Officer of Enovix Corporation (ENVX), reported a routine Form 4 disclosure covering RSU vesting and associated tax-withholding on September 8, 2025. The filing shows 1,490 shares of common stock were disposed of via withholding to satisfy taxes at an effective price of $9.39 per share. After this transaction, the reporting person beneficially owned 1,159,037 shares, which includes 807,964 shares issuable upon settlement of outstanding restricted stock units (RSUs). The Form 4 was signed by an attorney-in-fact on behalf of Mr. Marathe on September 9, 2025.

Insights

Securities Analyst

TL;DR: Routine tax-withholding disposal from RSU vesting; immaterial share reduction relative to total holdings.

The transaction code F and the explanation indicate shares were withheld solely to satisfy tax withholding obligations upon RSU vesting. The disposed amount, 1,490 shares at $9.39, is small relative to the reported post-transaction beneficial ownership of 1,159,037 shares. There is no indication of open-market sales or change in strategic ownership. For investors, this filing documents compensation-related mechanics rather than a deliberate liquidity event by the executive.

Corporate Governance Expert

TL;DR: Disclosure follows standard executive compensation settlement practices and shows appropriate reporting via Form 4.

The filing identifies the reporting person as an officer and indicates RSU settlement and withholding were executed and disclosed. The inclusion of 807,964 RSU-settling shares in the beneficial ownership count is important for transparency about potential future dilution. The signature by an attorney-in-fact is properly noted. No governance concerns are evident from the information provided.

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)
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		1,490(1)	D	$9.39	1,159,037(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 807,964 shares issuable upon the settlement of RSUs granted to the Reporting Person.

Remarks:

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

The Form 4 reports the withholding of 1,490 shares to satisfy taxes on RSU vesting on 09/08/2025, with a reported price of $9.39 and resulting beneficial ownership of 1,159,037 shares.

Why were shares disposed of in this Form 4 for ENVX?

The filing explains the shares were withheld to satisfy tax withholding obligations in connection with the vesting of restricted stock units (RSUs).

How many RSU-related shares does Ajay Marathe have outstanding?

The filing states there are 807,964 shares issuable upon the settlement of RSUs granted to the reporting person.

Does this Form 4 indicate an open-market sale by the executive?

No. The transaction is coded as withholding for taxes related to RSU vesting, not an open-market sale or transfer.

Who signed the Form 4 and when was it filed?

The Form 4 is signed by Arthi Chakravarthy, Attorney-in-Fact for Ajay Marathe and dated 09/09/2025.