Talluri Rajendra K 4

What Happened

• Rajendra K. Talluri, President, CEO and Director of Enovix (ENVX), was awarded a total of 259,611 performance restricted stock units (PRSUs) on Feb 18, 2026 (168,813 + 90,798). Each PRSU is a contingent right to receive one share of Enovix common stock upon settlement. The awards were reported at $0.00 per share (grant/award), i.e., these are not open‑market purchases or sales.

Key Details

• Transaction date: February 18, 2026; Report filed: March 6, 2026 (filed late relative to the 2-business‑day Form 4 deadline).
• Awards: 168,813 PRSUs (50% release on April 1, 2027; remaining 50% on April 1, 2028) and 90,798 PRSUs (50% release on April 8, 2027; remaining 50% on April 8, 2028). Each PRSU converts to one share upon settlement.
• Shares/units included in reported ownership: filing notes 1,446,958 shares issuable upon vesting of RSUs granted to the reporting person, plus these vested PRSUs and an additional 47,775 PRSUs scheduled for release on March 2, 2027.
• Footnotes: F1–F3 describe the performance vesting achievements and the staggered release dates; no 10b5‑1 plan, tax‑withholding sale, or cashless exercise is indicated.

Context

• These are performance‑based awards (PRSUs), not market purchases or sales; they represent future delivery rights to common stock if and when settlement/release conditions are met. Such awards are compensation/retention tools and do not by themselves indicate immediate insider buying or selling intentions.