Talluri Rajendra K 4

What Happened Rajendra K. Talluri, President, CEO and a director of Enovix (ENVX), had 15,569 shares of company stock withheld on April 1, 2026, to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs). The shares were withheld at an implied price of $4.97 per share, representing approximately $77,378. This was a tax-withholding disposition (not an open-market sale or purchase) and is typically routine following RSU vesting.

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-06 (filing appears late relative to the usual 2-business-day requirement).
• Shares withheld / disposed: 15,569 shares at $4.97 per share; total value ≈ $77,378.
• Reason: Tax withholding to satisfy tax obligations on RSU vesting (footnote F1).
• Post-transaction holdings / contingently issuable shares (per filing footnote F2): reporting person has RSUs/PRSUs covering a significant additional equity stake — includes 1,409,436 shares issuable upon RSU vesting, 47,775 vested PRSUs to be released March 2027, and 259,611 PRSUs (50% release April 2027, remainder April 2028).
• Transaction code: F (tax withholding / share surrender).

Context This transaction is a routine tax-withholding event tied to RSU vesting and does not represent a voluntary open-market sale or purchase decision. Such withholdings are administrative and do not necessarily signal management’s market view. Note the Form 4 filing date is later than the transaction date, which investors may want to monitor for timeliness in future filings.