Chakravarthy Arthi 4

What Happened

• Arthi Chakravarthy, Chief Legal Officer of Enovix Corp (ENVX), had 2,221 shares withheld/surrendered to satisfy tax withholding related to the vesting of restricted stock units (RSUs). The shares were recorded at $6.11 per share for a total value of approximately $13,570. This was a withholding/disposition to cover taxes, not an open-market sale.

Key Details

• Transaction date: 2026-02-24; Form filed: 2026-02-26 (timely filing).
• Transaction type/code: F — shares withheld to satisfy tax withholding obligations on RSU vesting.
• Shares withheld/disposed: 2,221 shares at $6.11 = ~$13,570.
• Holdings/subject-to-vesting disclosed (per footnote): includes 272,753 shares issuable upon vesting of RSUs and 20,786 vested performance RSUs (PRSUs); 50% of the PRSUs will be released on March 2, 2026 and the remaining 50% on March 1, 2027.
• Footnote context: F1 = withholding of shares to satisfy tax obligations; F2 = details on RSUs and PRSUs and their release schedule.

Context

• This transaction is a routine tax-withholding event tied to equity compensation vesting and does not indicate an open-market sale or a buy decision by the insider. PRSUs are contingent rights to receive shares upon settlement; their staggered release dates (per F2) explain future share issuances to the reporting person.