Talluri Rajendra K 4

What Happened
Rajendra K. Talluri, President, CEO and a director of Enovix Corp (ENVX), had 4,109 shares of Enovix common stock withheld to satisfy tax withholding obligations in connection with the vesting of restricted stock units (RSUs). The shares were valued at $4.85 each, for a total of approximately $19,929. This was a tax-withholding disposition of vested awards (not an open-market sale or a purchase).

Key Details

• Transaction date: March 8, 2026; Filing date: March 10, 2026 (timely report).
• Action: Withholding of 4,109 shares to satisfy tax obligations (transaction code F).
• Price: $4.85 per share; total value ≈ $19,929.
• Footnote F1: Confirms shares were withheld to pay tax withholding on RSU vesting.
• Footnote F2: Reporting person has additional equity exposure including 1,438,838 shares issuable upon vesting/settlement of RSUs, plus 47,775 vested PRSUs (to be released March 2027) and 259,611 PRSUs with 50% payable April 2027 and the remainder April 2028; each PRSU converts to one share on settlement.
• Filing timeliness: Reported within two days of the transaction date; no late filing indicated.

Context

• This was a routine share withholding to satisfy tax obligations on vested RSUs (a common, non-bullish/non-bearish administrative action), not an open-market sale that would reflect an immediate decision to realize gains.
• For retail investors, tax-withholding disposals generally do not signal insider sentiment about the company; they simply reflect tax settlement of equity awards.