Chakravarthy Arthi 4

What Happened
Chakravarthy Arthi, Chief Legal Officer of Enovix Corp (ENVX), had 894 shares of company stock withheld to satisfy tax withholding obligations in connection with the vesting of restricted stock units (RSUs). The shares were withheld at $4.85 per share for a total value of $4,336. This was a tax-withholding disposition (routine), not an open-market sale.

Key Details

• Transaction date: 2026-03-08; Form filed: 2026-03-10 (not late).
• Withheld: 894 shares at $4.85/share; total value ~$4,336.
• Transaction code: F — shares withheld to satisfy tax withholding on RSU vesting (see F1).
• Beneficial ownership context (from filing footnote F2): includes 260,594 shares issuable upon vesting/settlement of RSUs, plus 10,393 vested PRSUs releasing March 2027 and 58,500 PRSUs (50% releasing April 2027, remainder April 2028).
• The filing does not indicate an open-market sale or purchase—this was a tax withholding in connection with equity compensation.

Context
Tax-withholding dispositions on RSU vesting are routine and do not necessarily signal insider buying or selling sentiment. This was not an exercise-and-sell or a 10b5-1 sale; it simply reflects shares retained by the company to cover withholding obligations tied to compensation.