Tax withholding adjusts Enovix (ENVX) CLO equity position

Rhea-AI Filing Summary

Enovix Corp reported that Chief Legal Officer Arthi Chakravarthy had 936 shares of common stock withheld at $7.32 per share to cover tax obligations tied to vesting restricted stock units. After this tax-withholding disposition, she holds 603,576 common shares, including 389,432 shares issuable from RSUs and additional performance RSUs scheduled for release between March 2027 and April 2028.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Chakravarthy Arthi

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	936	$7.32	$7K

Holdings After Transaction: Common Stock — 603,576 shares (Direct, null)

Footnotes (1)

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"). Includes 389,432 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as: (i) 10,393 vested performance restricted stock units ("PRSUs"), which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 58,500 PRSUs, 50% of which will be released in April 2027, with the remainder to be released in April 2028. Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.

Key Figures

Shares withheld for taxes: 936 shares Withholding price: $7.32 per share Shares after transaction: 603,576 shares +3 more

6 metrics

Shares withheld for taxes 936 shares Tax withholding on RSU vesting at $7.32 per share

Withholding price $7.32 per share Price used to value 936 withheld shares

Shares after transaction 603,576 shares Common shares held following tax-withholding disposition

RSUs issuable 389,432 shares Shares issuable upon vesting and settlement of RSUs

Vested PRSUs 10,393 units PRSUs to be released in March 2027

Additional PRSUs 58,500 units PRSUs to be released 50% in April 2027 and 50% in April 2028

Key Terms

restricted stock units ("RSUs"), performance restricted stock units ("PRSUs"), tax withholding obligations, settlement of RSUs

4 terms

restricted stock units ("RSUs") financial

"Reflects the withholding of shares ... in connection with the vesting of restricted stock units ("RSUs")."

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

performance restricted stock units ("PRSUs") financial

"Includes 389,432 shares issuable ... as well as: (i) 10,393 vested performance restricted stock units ("PRSUs"), which will be released..."

tax withholding obligations financial

"Reflects the withholding of shares ... to satisfy tax withholding obligations in connection with the vesting of restricted stock units"

settlement of RSUs financial

"Includes 389,432 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person"

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Form 4 Insider Transactions: What Each Field Means →

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^*

Chakravarthy Arthi

(Last) (First) (Middle)

C/O ENOVIX CORPORATION

3501 W. WARREN AVENUE

(Street)

FREMONT CALIFORNIA 94538

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	06/08/2026		F		936(1)	D	$7.32	603,576(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").

2. Includes 389,432 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as: (i) 10,393 vested performance restricted stock units ("PRSUs"), which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 58,500 PRSUs, 50% of which will be released in April 2027, with the remainder to be released in April 2028. Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.

Remarks:

	/s/ Arthi Chakravarthy	06/10/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Enovix (ENVX) disclose about Arthi Chakravarthy’s latest share transaction?

Enovix disclosed that Chief Legal Officer Arthi Chakravarthy had 936 common shares withheld to satisfy tax obligations on vesting RSUs. This was a tax-withholding disposition, not an open-market sale, and it slightly reduced her directly held share count.

How many Enovix (ENVX) shares were withheld for taxes in this Form 4?

A total of 936 Enovix common shares were withheld to cover tax obligations related to vesting restricted stock units. The withholding price was $7.32 per share, reflecting a routine mechanism rather than a discretionary market trade by the executive.

How many Enovix (ENVX) shares does Arthi Chakravarthy hold after the tax withholding?

Following the tax-withholding disposition, Arthi Chakravarthy holds 603,576 Enovix common shares directly. This figure includes shares currently held plus those reflected as issuable from equity awards, as detailed in the Form 4 and its accompanying footnotes.

What restricted stock units (RSUs) are reported for Enovix (ENVX) Chief Legal Officer?

The filing notes 389,432 shares issuable upon vesting and settlement of RSUs granted to Arthi Chakravarthy. These RSUs represent time-based equity awards that convert into common shares as vesting conditions are met over time.

What performance restricted stock units (PRSUs) are outstanding for Enovix (ENVX) CLO?

The Form 4 reports 10,393 vested PRSUs to be released in March 2027 and 58,500 PRSUs, half scheduled for release in April 2027 and half in April 2028. Each PRSU represents a contingent right to receive one Enovix share upon settlement.

Was the Enovix (ENVX) insider transaction an open-market sale?

No, the transaction was not an open-market sale. It was a tax-withholding disposition, where 936 shares were withheld by Enovix to satisfy tax liabilities on vesting RSUs, a common administrative process for equity compensation.