Benton Ryan A 4

What Happened
Ryan A. Benton, Chief Financial Officer of Enovix (ENVX), received a fully vested restricted stock unit (RSU) award of 5,103 shares on May 29, 2026 (reported on Form 4 filed June 2). To satisfy tax withholding obligations, 2,703 shares were withheld (disposed) at a reported value of $7.98 per share, totaling approximately $21,570. Net of withholding, Benton received 2,400 shares from the award. This was a compensation award (not an open-market purchase or discretionary sale).

Key Details

• Transaction date: May 29, 2026; Form 4 filed: June 2, 2026 (timely filing).
• Award: 5,103 shares acquired (code A) at $0.00 (RSU vesting).
• Withholding: 2,703 shares withheld for taxes (code F) at $7.98/share = $21,570.
• Net issued to insider: 2,400 shares after withholding.
• Footnotes: F1 confirms the shares were issued upon receipt of a fully vested RSU award (quarter bonus). F2 notes 848,005 shares are issuable upon vesting/settlement of RSUs granted to the reporting person. F3 documents the withholding to satisfy tax obligations.
• Filing timeliness: Filed within the SEC’s Form 4 deadline (not marked late).

Context
This was a routine equity compensation event: RSUs vested as a bonus and shares were withheld to cover taxes (a common cashless withholding method). Such withholding is administrative and does not signal a discretionary sale or open-market trading decision by the insider.