Talluri Rajendra K 4

What Happened

• Rajendra K. Talluri, President, CEO and a director of Enovix Corp (ENVX), had 17,651 shares of Enovix common stock withheld to satisfy tax-withholding obligations related to vested restricted stock units (RSUs). The shares were valued at $4.72 each, totaling $83,313, on July 18, 2026. This is a routine withholding (disposition) to cover taxes rather than an open-market sale or a buy.

Key Details

• Transaction date and price: July 18, 2026 — 17,651 shares withheld at $4.72/share (total $83,313).
• Filing date: Form 4 filed July 21, 2026 (reported filing date on accession).
• Shares beneficially owned after transaction: 2,109,125 shares (per footnote disclosures, includes unvested RSUs/PRSUs).
• Footnotes:
  • F1: The transaction reflects share withholding to satisfy tax obligations upon RSU vesting (cashless/tax-withholding disposition).
  • F2: Beneficial ownership includes 1,801,739 shares issuable upon RSU vesting plus 47,775 vested performance RSUs (to be released March 2027) and 259,611 performance RSUs (50% to be released April 2027, remainder April 2028).
• Nature: Routine tax-withholding disposition (code F) — not an indicator of a directional trade on the open market.

Context

• Withholding shares to cover taxes is a common, administrative action when equity awards vest; it does not necessarily reflect the insider’s view of the company’s prospects.
• For retail investors, purchases by insiders are generally more informative than routine withholdings; this filing documents award settlement mechanics rather than a voluntary sale or purchase.