Talluri Rajendra K 4

What Happened

• Rajendra K. Talluri, Enovix President & CEO and Director, was granted 697,211 restricted stock units (RSUs) on April 1, 2026. The award was granted at $0.00 per share (an equity compensation award rather than a cash purchase).

Key Details

• Transaction date and type: 2026-04-01 — Award/Grant (code A); reported on Form 4 filed 2026-04-07.
• Price: $0.00 per share (no cash paid).
• Vesting: Per footnote, these RSUs vest in 12 equal quarterly installments beginning April 1, 2026 (i.e., quarterly over three years).
• Additional issuable shares (per filing footnote): the filing references 2,106,647 shares issuable upon vesting/settlement of RSUs, plus (i) 47,775 vested performance RSUs (PRSUs) to be released March 2027, and (ii) 259,611 PRSUs with 50% release in April 2027 and the remainder in April 2028.
• Filing timeliness: The Form 4 was filed on 2026-04-07 for a 2026-04-01 grant — this appears later than the SEC’s typical two-business-day Form 4 window.

Context

• RSUs are compensation/retention awards, not open-market purchases — no cash was exchanged and this does not reflect an immediate personal buy or sell decision.
• PRSUs are performance-contingent awards and will only settle if applicable conditions are met and on the schedule noted.
• For retail investors: grants are common for executives as part of pay/retention packages; they show potential future share dilution and alignment with management but are not an explicit buy signal.