Chakravarthy Arthi 4

What Happened

• Arthi Chakravarthy, Chief Legal Officer of Enovix (ENVX), had 2,221 shares withheld (disposed) to satisfy tax withholding obligations tied to RSU vesting. The shares were valued at $6.61 each for a total of $14,681 on April 24, 2026. This was a withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date and price: April 24, 2026, 2,221 shares at $6.61 each (total $14,681).
• Transaction type: Tax-withholding on vested restricted stock units (SEC code F — shares withheld to cover taxes).
• Shares/rights after transaction: Filing indicates rights to contingent shares including 397,158 RSU-issuable shares plus 10,393 vested PRSUs (to be released March 2027) and an aggregate 58,500 PRSUs (50% to be released April 2027, remainder April 2028) — these items total 466,051 contingent shares referenced in the filing.
• Footnotes: F1 confirms the disposition was withholding to satisfy tax obligations on RSU vesting; F2 details the composition and timing of PRSU/RSU settlements.
• Filing: Form 4 filed April 28, 2026, reporting the April 24, 2026 transaction.

Context

• This was a routine, administrative withholding to cover taxes on equity awards (a common practice when RSUs vest) rather than a discretionary open-market sale signaling a view on the stock. The filing also shows significant future equity tied up in time- and performance-based RSUs/PRSUs with scheduled release dates in 2027–2028.