Enovix CFO Ryan Benton Withholds 10,988 Shares for Taxes

What Happened
Ryan A. Benton, Chief Financial Officer of Enovix Corp (ENVX), had 10,988 shares of Enovix common stock withheld to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs). The withholding was reported as a disposition at $5.85 per share, representing $64,280 in value (transaction code F – tax withholding).

Key Details

• Transaction date: 2026-07-01
• Filing date: 2026-07-06 (Form 4 accession 0001564606-26-000009)
• Shares withheld/disposed: 10,988 at $5.85 per share — total value $64,280
• Transaction code: F — withholding of shares to satisfy tax obligations upon RSU vesting (see footnote F1)
• Post-transaction holdings: not specified in the supplied details; filing footnote F2 notes 827,255 shares issuable upon vesting/settlement of RSUs granted to the reporting person
• Nature of transaction: routine tax withholding (cashless “sell-to-cover”), not an open-market investment sale

Context
Share withholding to cover taxes on vested RSUs is a common, administrative transaction and does not necessarily reflect an insider’s view of the company’s prospects. For retail investors, purchases or open-market sales by insiders often carry more informational weight than routine withholdings. Check the full Form 4 for complete holdings and any additional disclosures.