Talluri Rajendra K 4

What Happened

• Talluri Rajendra K, President and CEO (and Director) of Enovix Corp (ENVX), had 17,650 shares of company stock withheld/ disposed to satisfy tax withholding obligations related to RSU vesting. The shares were valued at $5.95 each for total proceeds of approximately $105,018. This was a tax-withholding disposition (transaction code F), not an open-market sale for investment reasons.

Key Details

• Transaction date and price: Feb 18, 2026 — 17,650 shares at $5.95/share (total ~$105,018).
• Transaction type: Code F — shares withheld to satisfy tax withholding on RSU vesting.
• Filing date: Feb 20, 2026 (covers the Feb 18 transaction); appears timely.
• Holdings noted in the filing: 1,494,734 shares issuable upon settlement of RSUs plus 95,551 vested performance RSUs (PRSUs). Per footnote, 50% of the PRSUs will be released on Mar 2, 2026 and the remaining 50% on Mar 1, 2027.
• Footnotes: F1 = share withholding to satisfy tax obligations. F2 = details on outstanding RSUs and contingent PRSUs.

Context

• Withholding shares to cover taxes after RSU vesting is a routine administrative transaction and does not necessarily signal the insider’s view on the company’s stock. The filing shows substantial unvested/contingent equity still outstanding to the CEO (RSUs and PRSUs) with future release dates.