Talluri Rajendra K 4

What Happened

• Talluri Rajendra K, President & CEO and Director of Enovix (ENVX), had 17,959 shares of company stock withheld on July 8, 2026 to satisfy tax withholding related to the vesting of restricted stock units (RSUs). The shares were withheld at $5.13 per share: 13,658 shares ($70,066) and 4,301 shares ($22,064), totaling roughly $92,130. This was a tax-withholding disposition (Form 4 code F), not an open-market sale.

Key Details

• Transaction date and price: July 8, 2026; shares withheld at $5.13 per share.
• Quantity withheld: 13,658 shares and 4,301 shares (total 17,959 shares) to cover tax obligations.
• Total value: approximately $92,130.
• Shares/RSUs remaining: footnotes indicate the reporting person remains entitled to a large number of shares upon vesting — roughly 1.84 million shares issuable upon RSU vesting and additional performance RSUs (47,775 vested PRSUs to be released March 2027 and 259,611 PRSUs with staggered releases in April 2027/2028).
• Footnote: F1 confirms these transactions reflect share withholding to satisfy tax withholding on RSU vesting.
• Filing timeliness: Report filed July 10, 2026 for transactions on July 8, 2026 (filed within the typical two-business-day Form 4 window).

Context

• This was a routine tax-withholding action tied to RSU vesting (cashless share withholding) rather than a market sell by the insider; such withholdings are common and do not necessarily indicate a change in the insider’s view of the company.
• The filing also discloses substantial remaining RSU/PRSU exposure for the CEO, which is relevant when assessing long-term insider alignment with shareholders.