Marathe Ajay 4
4 · Enovix Corp · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
Enovix COO Ajay Marathe Sells 1,493 Shares (Tax Withholding)
What Happened
Ajay Marathe, Chief Operating Officer of Enovix Corp (ENVX), had 1,493 shares of Enovix common stock withheld to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs). The shares were withheld at a price of $6.38 per share, for a total value of $9,525. This was a tax-withholding share surrender (transaction code F), not an open-market sale.
Key Details
- Transaction date: February 8, 2026
- Price and value: 1,493 shares @ $6.38 = $9,525 (disposed via withholding)
- Transaction type/code: Tax withholding to satisfy RSU tax obligations (F)
- Filing: Form 4 filed Feb 10, 2026 (timely relative to the Feb 8 transaction)
- Shares/awards noted in filing: reporting person has 610,480 shares issuable upon RSU vesting and 33,170 vested performance RSUs (PRSUs); 50% of the PRSUs scheduled for release on Mar 2, 2026, and the remaining 50% on Mar 1, 2027 (each PRSU converts to one share on settlement)
Context
This transaction is a routine tax-withholding event associated with equity compensation vesting and does not represent an open-market sale or a discretionary trade. For clarity, the withheld shares were used solely to cover tax obligations on vested RSUs; it should not be interpreted as a buy or sell signal about the company's outlook.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-02-08$6.38/sh−1,493$9,525→ 917,841 total
Footnotes (2)
- [F1]Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock units ("RSUs").
- [F2]Includes 610,480 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person and 33,170 shares of vested performance RSUs ("PRSUs"), of which 50% will be released in on March 2, 2026 and the remaining 50% will be released on March 1, 2027. Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.