Talluri Rajendra K 4
4 · Enovix Corp · Filed Apr 21, 2026
Research Summary
AI-generated summary of this filing
Enovix (ENVX) CEO Rajendra Talluri Withholds 17,651 Shares for Taxes
What Happened
Rajendra K. Talluri, President & CEO and a director of Enovix (ENVX), had 17,651 shares of the company's common stock withheld to satisfy tax withholding obligations related to vested restricted stock units (RSUs). The shares were disposed at $6.62 per share for a total value of approximately $116,850 on April 18, 2026. This was a tax-withholding (cashless settlement) transaction rather than an open-market sale.
Key Details
- Transaction date: 2026-04-18; Price: $6.62 per share; Shares withheld/disposed: 17,651; Total value: ~$116,850.
- Report filed with the SEC on 2026-04-21.
- Footnote F1: Withholding of shares to satisfy tax obligations on RSU vesting.
- Footnote F2: The filing notes additional equity interests: 2,039,397 shares issuable upon vesting/settlement of RSUs plus (i) 47,775 vested performance RSUs to be released March 2027 and (ii) 259,611 performance RSUs (50% scheduled for April 2027, remainder April 2028). Each PRSU is a contingent right to one share.
- This is an administrative tax-withholding event (transaction code F) and not a discretionary sale intended to signal a view on the stock.
Context
Tax-withholding by share surrender is a common, routine way executives satisfy payroll/tax obligations when equity awards vest. It reduces the reporting insider's outstanding vested shares but does not necessarily reflect buying or selling sentiment.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-04-18$6.62/sh−17,651$116,850→ 3,080,145 total
Footnotes (2)
- [F1]Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock units ("RSUs").
- [F2]Includes 2,039,397 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as: (i) 47,775 vested performance restricted stock units ("PRSUs"), which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 259,611 PRSUs, 50% of which will be released in April 2027, with the remainder to be released in April 2028. Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.