MCCRANIE J DANIEL 4
4 · Enovix Corp · Filed Jun 15, 2026
Research Summary
AI-generated summary of this filing
Enovix (ENVX) Director McCranie Receives 29,104 RSU Award
What Happened Daniel McCranie, a director of Enovix Corporation (ENVX), was granted 29,104 restricted stock units (RSUs) on June 11, 2026. The RSUs were reported as an award/acquisition at a $0 per-share grant price (total reported value $0). RSUs are contingent rights that convert to shares only as they vest.
Key Details
- Transaction type/date: Grant (Award/Acquisition) on 2026-06-11; reported on Form 4 filed 2026-06-15 (Period of Report: 2026-06-11).
- Shares granted: 29,104 RSUs; grant price reported as $0.00 (award).
- Vesting: 25% of the RSUs vest on each of Sep 11, 2026; Dec 11, 2026; Mar 11, 2027; and the earlier of Jun 11, 2027 or the issuer's 2027 annual meeting, subject to continuous service through each vesting date (footnote).
- Additional note: Filing footnote states it "includes 48,379 shares issuable upon the settlement of RSUs granted to the Reporting Person" (indicates other outstanding RSUs/settlement amounts referenced in the filing).
- Shares owned after transaction: Not specified in the provided filing details.
- Filing timeliness: Form filed June 15, 2026 for a June 11 transaction (filing date shown on report).
Context RSUs are a form of compensation that convert into actual shares only as they vest and typically reflect standard director or employee equity compensation rather than an active market purchase or sale. Such awards are not direct purchases (so they are not an immediate bullish cash investment) and do not necessarily indicate the insider’s short‑term trading sentiment. The vesting schedule and continuous service requirement determine when the shares will be issued.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-06-11+29,104→ 69,982 total
Footnotes (2)
- [F1]Reflects shares issuable on the settlement of restricted stock units ("RSUs") granted to the Reporting Person. Each RSU represents a contingent right to receive one share of the Issuer's common stock. 25% of the RSUs will vest on each of September 11, 2026, December 11, 2026, March 11, 2027 and the earlier of (i) June 11, 2027; or (ii) the date of the Issuer's 2027 annual meeting of stockholders (or the date immediately preceding such date if the Reporting Person's service as a director ends at such meeting due to the director's failure to be re-elected or not standing for re-election), subject to the Reporting Person's continuous service through each applicable vesting date.
- [F2]Includes 48,379 shares issuable upon the settlement of RSUs granted to the Reporting Person.