Talluri Rajendra K 4

What Happened

• Rajendra K. Talluri, President, CEO and a director of Enovix Corp (ENVX), had a total of 46,333 shares of Enovix common stock withheld to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs). The withheld lots were 15,568 shares at $5.85 each (≈ $91,073) and 30,765 shares at $5.85 each (≈ $179,975), totaling about $271,048.
• This was a tax-withholding disposition (routine cashless withholding on RSU vesting), not an open-market sale or a purchase — a common administrative step when equity awards vest.

Key Details

• Transaction date: July 1, 2026. Form filed: July 6, 2026 (Period of Report: 2026-07-01).
• Prices: $5.85 per share for both withholding lots.
• Total shares withheld/disposed: 46,333; total value withheld ≈ $271,048.
• Shares/awards referenced in footnotes:
  • F1: Withholding of shares to satisfy tax obligations on RSU vesting.
  • F2: Reporting includes 1,927,089 shares issuable upon RSU vesting to the reporting person, plus 47,775 vested PRSUs (to be released March 2027) and an aggregate 259,611 PRSUs (half to be released April 2027, half April 2028).
  • F3: Reporting alternatively notes 1,868,988 shares issuable upon RSU vesting, plus the Earned PRSUs noted above.
• Filing status: No late-filing flag provided in the filing summary.

Context

• These transactions were tax withholdings associated with RSU vesting (coded "F"), effectively a cashless settlement method: the company retains a portion of the vested shares to cover taxes rather than the insider selling shares on the open market.
• Such withholdings are routine and do not, by themselves, indicate the insider is buying or selling shares for investment purposes.