Talluri Rajendra K 4

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.