Talluri Rajendra K 4
4 · Enovix Corp · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
Enovix (ENVX) CEO Rajendra K. Talluri Receives Award, Withholds Shares
What Happened
Rajendra K. Talluri, President, CEO and a director of Enovix (ENVX), received a fully vested RSU award of 17,794 shares on May 29, 2026 (transaction code A). To satisfy tax withholding obligations related to that award, 9,422 shares were withheld/disposed at $7.98 per share, totaling $75,188 (transaction code F). Net shares delivered to Mr. Talluri from this grant were 8,372 shares (17,794 awarded minus 9,422 withheld).
Key Details
- Transaction date: May 29, 2026 (Form 4 filed June 2, 2026 — timely under the two-business-day rule).
- Award: 17,794 RSUs issued to Mr. Talluri (code A) as a bonus for the quarter ended April 5, 2026 (footnote F1).
- Tax withholding: 9,422 shares withheld/disposed at $7.98/share to satisfy $75,188 in tax obligations (code F; footnote F3).
- Net shares received: 8,372 shares.
- Reported holdings/contingent awards (footnote F2): includes 1,997,944 shares issuable upon vesting of RSUs, plus 47,775 vested PRSUs (to be released March 2027) and 259,611 PRSUs with staggered release in April 2027 and April 2028.
- No indication this was an open-market sale — the share disposition was solely for tax withholding.
Context
This was a standard equity award vesting and tax-withholding event, not a discretionary sale or purchase. RSU grants and subsequent withholding to cover taxes are common and generally reflect compensation settlement rather than a change in insider sentiment.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-05-29+17,794→ 3,075,989 total - Tax Payment
Common Stock
[F3][F2]2026-05-29$7.98/sh−9,422$75,188→ 3,066,567 total
Footnotes (3)
- [F1]Reflects shares of the Issuer's common stock issued to the Reporting Person upon the receipt of a fully vested award of restricted stock units ("RSUs") on May 29, 2026. The RSUs represented the Reporting Person's award bonus earned for the quarter ended April 5, 2026.
- [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 RSUs ("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.
- [F3]Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the receipt of the fully vested award of RSUs on May 29, 2026.