Enovix (ENVX) CFO Ryan Benton Sells 19,824 Shares (Tax Withholding)

What Happened

Ryan A. Benton, Chief Financial Officer of Enovix Corp (ENVX), had 19,824 shares of company stock disposed on July 14, 2026 as a result of tax-withholding tied to the vesting of restricted stock units (RSUs). The shares were recorded at $5.06 each, for an aggregate value of approximately $100,309. This was a withholding of shares to cover tax obligations at vesting (routine administrative action), not an open-market purchase or discretionary sale.

Key Details

• Transaction date and price: July 14, 2026 — 19,824 shares at $5.06 per share (total ≈ $100,309).
• Transaction type/code: F — shares withheld to satisfy tax withholding obligations on RSU vesting (per footnote F1).
• Shares/RSUs noted: Footnote F2 indicates 789,817 shares issuable upon vesting and settlement of RSUs granted to the reporting person.
• Filing date/timeliness: Form filed July 16, 2026 (two days after the transaction) — appears to be timely for a Form 4.

Context

This was a cashless tax-withholding event tied to RSU vesting (shares withheld rather than a deliberate open-market sale). Such withholdings are routine and administrative; they reflect tax liability settlement rather than an expressed buy/sell market sentiment.