Reichow Gregory 4
Research Summary
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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.