Talluri Rajendra K 4

What Happened

• Rajendra K. Talluri (President, CEO & Director) had 17,960 shares of Enovix common stock withheld on April 8, 2026 to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs). The withholding was recorded at $5.73 per share for a total value of $102,911.
• This was an administrative tax-withholding (transaction code F), not an open-market sale or a purchase by the insider.

Key Details

• Transaction date: 2026-04-08; Form 4 filed: 2026-04-14 (filed 6 days after the transaction; beyond the typical 2-business-day reporting window).
• Withheld/disposed: 17,960 shares at $5.73 each = $102,911.
• Reported beneficial holdings/awards (per footnote F2): includes 2,072,731 shares issuable upon RSU vesting plus 307,386 PRSUs (47,775 vested PRSUs to be released Mar 2027; 259,611 PRSUs with 50% release Apr 2027 and remainder Apr 2028) — total 2,380,117 contingent shares.
• Footnote F1: confirms the transaction reflects share withholding to satisfy tax obligations from RSU vesting.
• This withholding reduces the number of shares to be issued on vesting; it is not a discretionary sale signaling a change in insider conviction.

Context

• Tax-withholding via share retention (a “cashless” settlement for tax purposes) is common when RSUs vest and generally reflects payroll/tax mechanics rather than a decision to liquidate holdings.
• For investors tracking insider sentiment, purchases or voluntary sales may be more informative than tax-withholding transactions.