Chakravarthy Arthi 4

What Happened
Arthi Chakravarthy, Chief Legal Officer of Enovix Corp (ENVX), had 939 shares of company stock withheld to satisfy tax withholding obligations tied to RSU vesting. The withholding was reported as a disposition on Feb 8, 2026, at a price of $6.38 per share for a total value of $5,991. This was a routine tax-withholding transaction (code F), not an open-market sale driven by a trading decision.

Key Details

• Transaction date: 2026-02-08; price: $6.38 per share; shares withheld/disposed: 939; total value: $5,991.
• Filing date / timeliness: Form 4 filed 2026-02-10 (timely within the usual two-business-day window).
• Shares owned after transaction: filing notes beneficial ownership that includes 276,946 shares issuable upon RSU vesting plus 20,786 vested performance RSUs (total ≈297,732 shares issuable/beneficially owned per footnote).
• Notable footnotes: F1 confirms shares were withheld to satisfy tax obligations on RSU vesting. F2 details that the reporting person has 276,946 RSUs and 20,786 PRSUs (50% of the PRSUs to be released Mar 2, 2026 and the remainder Mar 1, 2027).
• Transaction code: F = Payment of exercise price or tax liability (tax-withholding).

Context
Tax-withholding dispositions on RSU vesting are common and typically do not reflect a change in insider sentiment—shares are retained by the company to cover taxes rather than sold on the open market by the insider. The PRSUs noted are performance-based and scheduled for future release (half in March 2026, half in March 2027), which contributes to the reporting person’s ongoing beneficial ownership.