Chakravarthy Arthi 4

What Happened
Chakravarthy Arthi, Chief Legal Officer of Enovix Corp (ENVX), had 2,221 shares of company stock withheld to satisfy tax withholding obligations in connection with the vesting of restricted stock units (RSUs). The withheld shares were valued at $6.68 each, for a total of approximately $14,836. This transaction is a tax-withholding disposition (routine) rather than an open-market sale or purchase.

Key Details

• Transaction date and price: 2026-05-24; 2,221 shares withheld at $6.68 per share; total ~$14,836. (Footnote F1)
• Nature of transaction: Tax withholding on RSU vesting (disposition code F); routine and not necessarily a market-sentiment signal.
• Shares/awards reported after transaction: filing discloses a total of 460,092 shares issuable to the reporting person via awards (computed as 391,199 RSUs + 10,393 vested PRSUs to be released Mar 2027 + 58,500 PRSUs releasing Apr 2027/Apr 2028). (Footnote F2)
• Footnotes: F1 = withholding to satisfy tax obligations on RSU vesting. F2 = breakdown of outstanding RSUs and performance RSUs (PRSUs) with release schedules.
• Filing timing: Transaction dated 2026-05-24; Form 4 filed 2026-05-28 (4 calendar days later). Form 4s are generally due within two business days, so this filing appears to have been submitted after the typical deadline.

Context
This was a tax-withholding event tied to RSU vesting — a common, administrative disposition where the company retains shares to cover the employee’s tax bill. Such withholdings are routine and do not by themselves indicate the insider is reducing their overall ownership position beyond satisfying tax obligations. The filing also shows substantial remaining RSU/PRSU awards that will convert to shares on future vesting/release dates.