Chakravarthy Arthi 4

What Happened

• Chakravarthy Arthi, Chief Legal Officer of Enovix Corp (ENVX), had 2,443 shares of Enovix common stock withheld to satisfy tax withholding obligations related to RSU vesting. The shares were withheld at $7.53 per share, for a value of approximately $18,396. This is a tax-withholding disposition (transaction code F), not an open-market sale or a purchase.

Key Details

• Transaction date: January 24, 2026; Form 4 filed January 27, 2026 (timely).
• Price per share: $7.53; Shares withheld/disposed: 2,443; Total value ≈ $18,396.
• Beneficial ownership context (per filing footnote): includes 278,713 shares issuable upon vesting of RSUs and 20,786 shares of vested performance RSUs (PRSUs). For the PRSUs, 50% will be released on March 2, 2026 and the remaining 50% on March 1, 2027. Each PRSU represents a contingent right to one share upon settlement.
• Transaction code meaning: F = withholding of shares to satisfy tax obligations in connection with RSU vesting.

Context

• This was a routine tax-withholding event tied to RSU vesting (a form of settlement/cashless action), not a discretionary sale that necessarily signals a change in insider sentiment. For retail investors, such withholdings are common when equity awards vest and typically do not indicate a buy or sell decision by the insider.