Talluri Rajendra K 4
4 · Enovix Corp · Filed May 20, 2026
Research Summary
AI-generated summary of this filing
Enovix (ENVX) CEO Rajendra Talluri Sells 17,650 Shares
What Happened
Rajendra K. Talluri, President, CEO and a director of Enovix Corp (ENVX), had 17,650 shares of Enovix common stock withheld on May 18, 2026 to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs). The shares were valued at $5.93 each, totaling $104,665. This was a withholding-for-taxes transaction (routine) rather than an open-market discretionary sale.
Key Details
- Transaction date and price: May 18, 2026 — 17,650 shares withheld at $5.93/share (total ≈ $104,665).
- Transaction type: Tax withholding on RSU vesting (code F).
- Filing date: Form 4 filed May 20, 2026 reporting the May 18 transaction; no late filing indicated.
- Shares owned/issuable (per filing footnote): includes 1,997,944 shares issuable upon vesting and settlement of RSUs to the reporting person, plus 47,775 vested PRSUs to be released March 2027 and an additional 259,611 PRSUs (50% release April 2027, remainder April 2028). Each PRSU is a contingent right to one share.
- Footnote: F1 explains the withholding was to satisfy tax obligations; F2 details the outstanding RSUs/PRSUs and timing of future releases.
Context
This was a tax-withholding event tied to equity compensation (RSU vesting), commonly seen when executives receive vested shares. Because shares were withheld to cover taxes, it should not be interpreted as a discretionary sale indicating CEO sentiment about the stock.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-05-18$5.93/sh−17,650$104,665→ 3,058,195 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 1,997,944 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.