Chakravarthy Arthi 4

What Happened
Chakravarthy Arthi, Chief Legal Officer of Enovix (ENVX), had 2,221 shares of company common stock withheld on June 24, 2026 to satisfy tax withholding obligations related to RSU vesting. The shares were withheld at $5.94 per share for a total value of $13,193. This was a tax-withholding disposition (transaction code F), not an open-market sale or purchase.

Key Details

• Transaction date and price: 2026-06-24; 2,221 shares withheld at $5.94/share; total $13,193. (Code F — tax withholding.)
• Filing date: Form 4 filed 2026-06-26 (reports the 6/24 transaction).
• Shares owned after transaction: the filing does not state a single post-transaction outright share count; footnote F2 describes holdings that include 385,238 shares issuable on RSU vesting plus additional PRSUs (10,393 vested PRSUs to be released March 2027 and 58,500 PRSUs with staggered releases in April 2027/2028).
• Footnotes: F1 = withholding of shares to satisfy tax obligations on RSU vesting. F2 = details of RSUs/PRSUs and contingent shares issuable upon vesting/settlement.
• Filing timeliness: Form filed two days after the transaction date; appears to be filed promptly.

Context
Withholding shares to cover taxes on vested RSUs is a routine administrative transaction and differs from an open-market sale — it doesn't necessarily signal a change in insider sentiment. The filing also documents performance RSUs (PRSUs), which are contingent rights to receive shares if performance and timing conditions are met.