Chakravarthy Arthi 4

What Happened
Arthi Chakravarthy, Chief Legal Officer of Enovix Corp (ENVX), had 936 shares of Enovix common stock withheld to satisfy tax withholding on the vesting of restricted stock units (RSUs). The withholding occurred on May 8, 2026 at an effective price of $6.61 per share, representing proceeds of approximately $6,187. This was a routine tax-withholding disposition (transaction code F), not an open-market sale or a new purchase.

Key Details

• Transaction date: 2026-05-08; price per share: $6.61; shares withheld/disposed: 936; total value ≈ $6,187.
• Transaction type/code: F — withholding of shares to satisfy tax obligations on vested RSUs.
• Filing date: 2026-05-12 (filed within required Form 4 timing; timely).
• Shares owned/beneficial interest after transaction: filing notes beneficial holdings include RSUs/PRSUs (see footnote) but does not state a single consolidated post-transaction total.
• Footnotes:
  • F1 — Withholding to satisfy tax obligations upon RSU vesting.
  • F2 — Reporting Person’s holdings include 395,392 shares issuable upon RSU vesting, plus 10,393 vested PRSUs (released March 2027) and 58,500 PRSUs (50% release April 2027; remainder April 2028). Each PRSU converts to one share upon settlement.

Context
This was a standard “sell-to-cover” style withholding tied to RSU vesting and generally considered routine; it does not necessarily reflect a change in the officer’s view of the company’s prospects. For retail investors, purchases and open-market insider buys are typically more informative than tax-withholding dispositions.