Marathe Ajay 4

What Happened

• Ajay Marathe, Chief Operating Officer of Enovix Corp (ENVX), had 7,352 shares of Enovix common stock withheld on Feb 14, 2026 to satisfy tax withholding obligations tied to vested restricted stock units (RSUs). The shares were withheld at a reported per-share value of $5.92 for a total of $43,524. This was a tax-withholding (disposition) rather than an open-market sale.

Key Details

• Transaction date and price: Feb 14, 2026 — 7,352 shares withheld at $5.92 per share (total $43,524).
• Transaction type/code: F — withholding of shares to satisfy tax withholding on RSU vesting.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: Confirms the shares were withheld to satisfy tax withholding obligations in connection with RSU vesting.
  • F2: Notes cancellation of 596,596 RSUs in connection with the reporting person’s departure and references 33,170 vested performance RSUs (PRSUs), with 50% scheduled to be released Mar 2, 2026 and the remaining 50% on Mar 1, 2027. Each PRSU represents a contingent right to one share upon settlement.
• Filing timeliness: No late filing flag provided in the excerpt.

Context

• Withholding shares to cover taxes is routine following RSU vesting and is not the same as an open-market sale; it typically does not signal a change in insider sentiment. The footnote about RSU cancellations and scheduled PRSU releases indicates there were broader changes to the reporting person’s equity (including vesting and settlement timing), but the withholding transaction itself simply covered taxes due on vested awards.