Talluri Rajendra K 4
4 · Enovix Corp · Filed Jun 10, 2026
Research Summary
AI-generated summary of this filing
Enovix CEO Rajendra K. Talluri Sells 4,301 Shares (Tax Withholding)
What Happened Rajendra K. Talluri, President & CEO (also a director) of Enovix Corp (ENVX), had 4,301 shares of common stock withheld to satisfy tax withholding obligations in connection with the vesting of restricted stock units (RSUs). The shares were valued at $7.32 each, for a total of $31,483. This was a tax-withholding event (Form 4 transaction code F), not an open‑market sale.
Key Details
- Transaction date: 2026-06-08; Filing date (Form 4): 2026-06-10 (timely filed).
- Shares withheld/disposed: 4,301 at $7.32 per share; total value reported $31,483.
- Reported beneficial holdings (per footnote F2) include: 1,989,823 shares issuable upon RSU vesting, 47,775 vested performance RSUs (PRSUs) to be released March 2027, and 259,611 PRSUs (50% to be released April 2027, remainder April 2028).
- Footnote F1: the transaction reflects share withholding to satisfy tax obligations tied to RSU vesting.
- This is a withholding (code F) — routine tax-related disposition, not necessarily a signal of insider sentiment.
Context This was a cashless withholding of shares to cover taxes upon RSU vesting (common practice when equity awards vest). PRSUs are contingent rights to receive shares upon performance/vesting and have scheduled release dates as noted; they are not immediate open-market purchases or gifts. Routine withholding transactions are administrative and typically do not imply a change in the insider’s view of the company.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-06-08$7.32/sh−4,301$31,483→ 3,062,266 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 1,989,823 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.