Chakravarthy Arthi 4

4 · Enovix Corp · Filed Jun 2, 2026

AI-generated summary of this filing

Updated Jun 3, 2026

Enovix (ENVX) CLO Arthi Chakravarthy Receives RSU Award

What Happened

Arthi Chakravarthy, Chief Legal Officer of Enovix Corp (ENVX), received a fully vested award of 6,756 restricted stock units (RSUs) on May 29, 2026 (transaction code A). To satisfy tax withholding obligations (transaction code F), 3,578 shares were withheld at $7.98 per share, equal to about $28,552. The RSU award was the reporting person’s bonus for the quarter ended April 5, 2026.

Key Details

Transaction date(s): May 29, 2026 (reported on Form 4 filed June 2, 2026; accession 0001975015-26-000033). Filing appears timely (filed within two business days).
Award: 6,756 RSUs issued to Chakravarthy (reported with $0 per-share value on the award line).
Tax withholding: 3,578 shares withheld to cover taxes at $7.98/share for ~$28,552 (disposition code F).
Post-transaction holdings: Filing notes additional issuable/contingent awards — 391,199 shares issuable upon vesting plus performance RSUs: 2,489 PRSUs (release March 2027) and 35,278 PRSUs (50% release April 2027, remainder April 2028). These are contingent rights to receive shares upon settlement (see footnote F2).
Footnotes: F1 = RSUs were fully vested bonus; F3 = withholding to satisfy tax obligations; F2 = details on larger pool of issuable/PRSUs.

Context

This was not an open‑market purchase or sale but the receipt and settlement of compensation (RSUs) with shares withheld for taxes (a routine, tax‑related disposition). RSUs and PRSUs are contingent/vested compensation instruments and do not necessarily indicate the insider’s market view.

Form 4

Period: 2026-05-29

Chief Legal Officer

Transactions

Award
Common Stock
[F1][F2]
2026-05-29+6,756→ 608,090 total
Tax Payment
Common Stock
[F3][F2]
2026-05-29$7.98/sh−3,578$28,552→ 604,512 total

Footnotes (3)

[F1]Reflects shares of the Issuer's common stock issued to the Reporting Person upon the receipt of a fully vested award of restricted stock units ("RSUs") on May 29, 2026. The RSUs represented the Reporting Person's award bonus earned for the quarter ended April 5, 2026.
[F2]Includes 391,199 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as the following vested performance RSUs ("PRSUs"): (i) 2,489 PRSUs, which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 35,278 PRSUs, 50% of which will be released in April 2027, with the remainder to be released in April 2028 (the foregoing PRSUs collectively referred to as the "Earned PRSUs"). Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.
[F3]Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the receipt of the fully vested award of RSUs on May 29, 2026.

Signature

/s/ Arthi Chakravarthy|2026-06-02

1 file