Marathe Ajay 4

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.