Chakravarthy Arthi 4

What Happened

• Arthi Chakravarthy, Chief Legal Officer of Enovix Corp (ENVX), had 936 shares of Enovix common stock withheld on 2026-06-08 to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs). The filing reports the shares were withheld at $7.32 per share, a total value of $6,852. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-06-08; Form 4 filed: 2026-06-10 (timely).
• Withheld: 936 shares at $7.32/share; total value $6,852.
• Nature: Tax withholding in connection with RSU vesting (code F) — routine administrative disposition, not a directional trade.
• Beneficial/contingent holdings after transaction (per filing footnote): 389,432 shares issuable upon vesting/settlement of RSUs, plus 10,393 vested PRSUs (to be released March 2027) and 58,500 additional PRSUs (50% to be released April 2027; remainder April 2028). Total contingent shares disclosed: 458,325.
• Footnote references: F1 explains shares were withheld to satisfy tax obligations on RSU vesting; F2 details amounts and timing of PRSU releases.

Context

• This is a withholding of shares to cover taxes on vested awards (administrative disposition), which is common after RSU vesting and does not imply a market-direction trade. PRSUs are performance-contingent and will convert to shares only upon meeting conditions and scheduled release dates.