Chakravarthy Arthi 4

What Happened
Arthi Chakravarthy, Chief Legal Officer of Enovix Corp (ENVX), had 3,337 shares withheld on April 1, 2026 to satisfy tax-withholding obligations tied to the vesting of restricted stock units (RSUs). The shares were recorded as disposed at $4.97 per share, for a total value of $16,585. This transaction is coded as tax withholding (F) — a routine disposal to cover taxes, not an open-market sale indicating a change in sentiment.

Key Details

• Transaction date and price: 2026-04-01 — 3,337 shares withheld at $4.97/share (total $16,585).
• Transaction code: F (withholding of shares to satisfy tax obligations).
• Filing date: Form 4 filed 2026-04-06 for the 2026-04-01 transaction — appears to be filed later than the standard two-business-day requirement.
• Holdings disclosed (per footnote): includes 250,099 shares issuable upon RSU vesting plus (i) 10,393 vested PRSUs to be released March 2027 and (ii) 58,500 PRSUs (50% to be released April 2027, remainder April 2028). Each PRSU converts to one share upon settlement.
• Footnote summary: F1 confirms shares were withheld to satisfy tax withholding; F2 details the RSU/PRSU balances and release schedule.

Context
Withholding shares to cover taxes is common for RSU vesting and generally considered administrative/routine rather than a market timing signal. The filing shows significant remaining contingent awards (RSUs and PRSUs) with staged release dates, which explain ongoing equity compensation for the executive.