Chakravarthy Arthi 4

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.