Enovix CEO Raj Talluri Withholds 4,300 Shares for Taxes

What Happened Talluri Rajendra K, President, CEO and Director of Enovix (ENVX), had 4,300 shares of the issuer's common stock withheld to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs). The shares were valued at $4.70 each for a total of $20,210. This transaction is reported under code F (tax withholding) and is a routine disposition to cover taxes, not an open-market sale.

Key Details

• Transaction date: 2026-08-08; reported on Form 4 filed 2026-08-11. No late filing indicator noted in the provided data.
• Price: $4.70 per share; Shares withheld/disposed: 4,300; Total value: $20,210.
• Shares owned after the transaction: not explicitly stated in the transaction table. Footnote disclosure on beneficial holdings follows.
• Footnotes of note:
  • F1: The disposition reflects withholding of shares to satisfy tax withholding on RSU vesting.
  • F2: Beneficial ownership disclosure includes 1,793,619 shares issuable upon RSU vesting plus (i) 47,775 vested PRSUs to be released March 2027 and (ii) 259,611 PRSUs (50% to be released April 2027; remainder April 2028). Each PRSU converts to one share upon settlement.
• Transaction code: F = tax withholding (not an open-market sale or purchase).

Context Tax-withholding dispositions are common when RSUs vest: the company retains/surrenders a portion of the vested shares to cover required payroll/tax obligations. Because this is a withholding action tied to compensation vesting, it should be viewed as administrative rather than a directional trading signal by the insider.