Chakravarthy Arthi 4

What Happened Chakravarthy Arthi, Chief Legal Officer of Enovix Corp (ENVX), had 2,221 shares of common stock withheld to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs). The shares were valued at $4.88 each, for a total value of $10,838. This was a tax-withholding disposition (transaction code F), not an open-market sale driven by a decision to liquidate additional holdings.

Key Details

• Transaction date: 2026-03-30; filing date: 2026-04-01 (timely; Form 4s are due within two business days).
• Shares withheld/disposed: 2,221 at $4.88 per share; total value: $10,838.
• Transaction type: F — withholding of shares to satisfy tax obligations on RSU vesting (routine "sell-to-cover").
• Shares/units referenced in filing (footnote F2): 256,400 shares issuable upon vesting/settlement of RSUs granted to the reporting person; includes 10,393 vested PRSUs to be released March 2027 and 58,500 PRSUs (50% release April 2027, remainder April 2028).
• Filing does not indicate a voluntary open-market sale beyond withholding; no late-filing flag noted.

Context

• Withholding-to-cover transactions are common when RSUs vest and are typically routine administrative actions to meet tax obligations; they do not necessarily signal insider sentiment about the company.
• PRSUs are performance-based restricted stock units that only convert to shares if performance and/or timing conditions are met; the filing details staggered release dates for those units.