Talluri Rajendra K 4
4 · Enovix Corp · Filed Jun 23, 2026
Research Summary
AI-generated summary of this filing
Enovix CEO Rajendra K. Talluri Withholds 17,650 Shares for Taxes
What Happened
Rajendra K. Talluri, President, Chief Executive Officer and a director of Enovix Corp (ENVX), had 17,650 shares of the company's common stock withheld on June 18, 2026 to satisfy tax withholding obligations related to RSU vesting. The shares were valued at $7.08 each for a total of $124,962. This was a tax-withholding disposition (routine) rather than an open-market sale.
Key Details
- Transaction date: 2026-06-18; Form 4 filed: 2026-06-23 (filed five days after the transaction; Form 4s are generally due within two business days).
- Withheld/disposed: 17,650 shares at $7.08 each; total value ≈ $124,962. (Transaction code F — tax withholding.)
- Footnote F1: The shares were withheld to satisfy tax withholding obligations on vested RSUs.
- Footnote F2: Reporting person’s reported issuable/contingent shares include 1,956,490 shares issuable upon RSU vesting, plus 47,775 vested PRSUs to be released March 2027, and an additional 259,611 PRSUs (50% releasable April 2027; remainder April 2028). Each PRSU converts to one share upon settlement.
- Shares owned after the withholding were reported on the Form 4 in the context of issuable/contingent RSUs and PRSUs as described in F2 (see filing for exact beneficial ownership totals).
Context
Tax-withholding dispositions on RSU vesting are routine and do not necessarily indicate a change in the insider’s view of the company; they are commonly executed to pay required taxes when restricted shares vest. This was not an open-market sale intended to raise cash beyond meeting withholding obligations.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-06-18$7.08/sh−17,650$124,962→ 3,044,616 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 1,956,490 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.