Reichow Gregory 4
4 · Enovix Corp · Filed Jun 15, 2026
Research Summary
AI-generated summary of this filing
Enovix (ENVX) Director Gregory Reichow Receives RSU Award
What Happened
Gregory Reichow, a director of Enovix Corp (ENVX), was granted 29,104 restricted stock units (RSUs) on June 11, 2026. The Form 4 reports the acquisition price as $0.00 (the RSUs are awards, not an open-market purchase or sale). The RSUs are a contingent right to receive one share per RSU upon settlement.
Key Details
- Transaction date: 2026-06-11; filing date: 2026-06-15 (timely — within the SEC’s two business-day reporting window).
- Transaction type/code: Award/Grant (A). Price reported: $0.00. Shares awarded: 29,104 RSUs (issuable shares upon settlement).
- Vesting: 25% of the RSUs vest on each of Sept 11, 2026; Dec 11, 2026; Mar 11, 2027; and the earlier of June 11, 2027 or the issuer’s 2027 annual meeting (subject to continuous service).
- Beneficial ownership note: Per the filing, the RSUs are held for the benefit of Eclipse Ventures/Eclipse GP III, LLC. Reichow is a partner of Eclipse and is deemed to hold the RSUs for Eclipse; he disclaims beneficial ownership except for any pecuniary interest.
- Shares owned after transaction: The filing lists 29,104 shares issuable upon RSU settlement; no separate total common-stock ownership figure is shown in the reported data.
Context
RSU grants are a form of equity compensation and do not involve an immediate cash purchase or sale; their ultimate value depends on Enovix’s future share price at settlement. The filing’s footnotes clarify the vesting schedule and that the award is associated with Eclipse Ventures, which may be the indirect beneficial owner. This is a routine compensation/award disclosure rather than a market purchase or sale.
Insider Transaction Report
- Award
Common Stock
[F1][F2][F3]2026-06-11+29,104→ 87,385 total
Footnotes (3)
- [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 29,104 shares issuable upon the settlement of RSUs granted to the Reporting Person.
- [F3]Pursuant to the Eclipse GP III, LLC Agreement, the Reporting Person is deemed to hold the RSUs for the benefit of Eclipse Ventures, LLC ("Eclipse"), which is entitled to hold the shares upon settlement of the RSUs. Eclipse may be deemed the indirect beneficial owner of such shares, and the Reporting Person is a partner of and may be deemed to share voting and dispositive power over shares held by Eclipse. The Reporting Person disclaims beneficial ownership of such shares except to the extent of any pecuniary interest therein.