Talluri Rajendra K 4

What Happened

• Talluri Rajendra K, President & CEO and a director of Enovix Corp (ENVX), had 4,300 shares withheld to satisfy tax withholding obligations associated with the vesting of restricted stock units (RSUs). The shares were valued at $6.61 each, for a total of approximately $28,423. This is a tax-withholding/net-share settlement (transaction code F), not an open-market sale driven by a discretionary decision.

Key Details

• Transaction date: 2026-05-08; Price per share: $6.61; Shares withheld/disposed: 4,300; Total value ≈ $28,423.
• Transaction type: F — shares withheld to satisfy tax withholding on RSU vesting (net-share settlement).
• Footnote F1: Confirms withholding of shares to satisfy tax obligations on RSU vesting.
• Footnote F2: Reporting person’s holdings include significant issuable awards: 2,031,277 shares issuable upon RSU vesting, 47,775 vested PRSUs (to be released Mar 2027), and 259,611 PRSUs (50% slated for Apr 2027, remainder Apr 2028).
• Filed with the SEC on 2026-05-12 reporting the May 8, 2026 transaction.

Context

• This was a routine tax-withholding action tied to RSU settlement (net-share withholding), not a voluntary open-market sale or a purchase; such withholdings are common when equity awards vest and do not necessarily signal insider sentiment.
• The footnotes indicate substantial remaining equity awards/contingent PRSUs that will vest/release on future dates; for retail investors, concentrate on the withholding as an administrative step rather than a directional trade.