Enovix (ENVX) Interim CEO Ryan A. Benton Receives RSU Award

What Happened

• Ryan A. Benton, Interim CEO of Enovix Corp (ENVX), received a fully vested award of 19,060 restricted stock units (RSUs) on 2026-08-28 (code A). The RSUs were granted as a quarterly bonus and issued at $0.00 per share.
• To satisfy tax withholding on the vesting, 10,093 shares were withheld/disposed at $3.36 per share, equal to approximately $33,912 (code F). This disposal reflects tax withholding rather than an open-market sale.

Key Details

• Transaction dates: 2026-08-28 (grant and tax withholding); Form 4 filed 2026-09-01 (reports the 8/28/2026 transactions).
• Grant: 19,060 RSUs issued at $0.00 (A).
• Withholding/disposition: 10,093 shares withheld at $3.36 each, total ~$33,912 (F) to satisfy tax obligations.
• Footnotes: F1 — RSUs were fully vested and issued as the quarterly bonus for the period ended July 5, 2026; F2 — filing notes 789,817 shares issuable upon vesting of other RSUs granted to the reporting person; F3 — the 10,093-share disposition reflects share withholding for tax payments.
• Filing timeliness: Form lists the transactions dated 8/28/2026 and was filed 9/1/2026. (Check the SEC filing for any official late-filing flag.)

Context

• This was not a market purchase or a voluntary open-market sale. The primary event was the vesting/issuance of RSUs; the share "disposal" was a routine withholding to cover taxes, a common practice that does not necessarily signal insider sentiment about the stock.
• For retail investors, awards and tax-withholding disposals are generally administrative; purchases by insiders tend to be more informative about confidence in the company.