Talluri Rajendra K 4

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.