Chakravarthy Arthi 4

What Happened
Arthi Chakravarthy, Chief Legal Officer of Enovix (ENVX), had 4,295 shares withheld on July 8, 2026 to satisfy tax withholding tied to the vesting of restricted stock units (RSUs). The withholding occurred in two entries: 936 shares at $5.13 each ($4,802) and 3,359 shares at $5.13 each ($17,232), for a combined value of $22,034. These withholdings are recorded as disposition code "F" (tax withholding) rather than an open-market sale.

Key Details

• Transaction date: 2026-07-08; Form filed: 2026-07-10 (appears timely).
• Withheld shares and prices: 936 @ $5.13 ($4,802) and 3,359 @ $5.13 ($17,232); total 4,295 shares, ~$22,034.
• Transaction type: Code F — withholding of shares to satisfy tax obligations on RSU vesting (not a deliberate market sale).
• Holdings/subject-to-vesting: Footnotes indicate significant unvested/issuable equity — e.g., 363,891 shares issuable upon RSU vesting (plus vested and performance RSUs described), and 357,548 shares issuable per another footnote; additional PRSUs (performance RSUs) are scheduled for release in 2027–2028.
• Footnote summary:
  • F1: Withholding of shares to satisfy tax withholding on RSU vesting.
  • F2: Includes 363,891 RSUs plus 10,393 vested PRSUs (to be released Mar 2027) and 58,500 PRSUs (half Apr 2027, half Apr 2028).
  • F3: Includes 357,548 RSUs plus the Earned PRSUs described above.
• Filing timeliness: Filed two days after the transaction date (Jul 10 for Jul 8), which is generally within the Form 4 reporting window.

Context
This filing documents a routine tax-withholding disposition tied to equity compensation vesting. Tax withholding (code F) differs from an intentional sale or purchase and is common when RSUs vest; it does not necessarily indicate the insider's view of the company's stock. The footnotes show the CLO retains significant unvested/contingent equity that may convert to shares in 2027–2028.