Talluri Rajendra K 4

What Happened

• Rajendra K. Talluri, President, CEO and a director of Enovix Corp (ENVX), had 4,301 shares withheld on Feb 8, 2026 to satisfy tax withholding obligations tied to vested restricted stock units (RSUs). The shares were valued at $6.38 each, totaling $27,440. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date and price: Feb 8, 2026 — 4,301 shares at $6.38 per share (total ~$27,440).
• Filing date: Feb 10, 2026 (filed within the standard 2-business-day Form 4 filing window).
• Shares/awards noted in filing: Footnote F2 shows 1,528,067 shares issuable upon settlement of RSUs granted to the reporting person and 95,551 vested performance RSUs (PRSUs); 50% of PRSUs are to be released on Mar 2, 2026 and the remaining 50% on Mar 1, 2027.
• Footnotes: F1 confirms shares were withheld to satisfy tax withholding on RSU vesting; F2 explains the breakdown and timing of remaining RSU/PRSU settlements.
• Transaction code meaning: F = tax withholding (share surrender to cover taxes).

Context

• This action is a routine tax-withholding event associated with RSU vesting (effectively the company retaining/surrendering shares to cover taxes). Such withholdings are administrative and do not necessarily signal buying or selling sentiment by the insider.
• For retail investors, purchases are generally more indicative of bullish insider conviction; tax withholdings are common and do not imply a change in the insider’s outlook.