Chakravarthy Arthi 4

What Happened

• Arthi Chakravarthy, Chief Legal Officer of Enovix (ENVX), received a grant of 159,362 restricted stock units (RSUs) on April 1, 2026. The Form 4 reports an acquisition price of $0.00 for the award (typical for compensation grants); the report was filed April 7, 2026.
• RSUs are a contingent right to receive shares upon vesting, not an open‑market purchase or sale.

Key Details

• Transaction date: April 1, 2026. Transaction type: Award/Grant (code A). Amount: 159,362 RSUs. Report filed: April 7, 2026.
• Price/consideration: $0.00 (award). Reported acquisition value: $0.
• Vesting: Per footnote F1, the RSUs vest in 12 equal quarterly installments measured from April 1, 2026, subject to continuous service through each vesting date.
• Holdings/related awards: Footnote F2 indicates other issuable securities tied to the reporting person, including 409,461 shares issuable upon vesting/settlement of RSUs, 10,393 vested PRSUs to be released March 2027, and 58,500 PRSUs (50% release April 2027; remainder April 2028). Each PRSU converts to one share upon settlement.
• Shares beneficially owned after the grant are not listed as a single number in the transaction line; consult the filing for full beneficial‑ownership detail and the footnotes above.

Context

• RSU grants are common compensation for executives and represent future shares if vesting conditions are met; they do not represent an immediate cash purchase or sale. This grant should be viewed as compensation rather than an express buy/sell signal.