Enovix (ENVX) Chief Legal Officer Chakravarthy Arthi Withholds 936 Shares

What Happened
Chakravarthy Arthi, Chief Legal Officer of Enovix Corp (ENVX), had 936 shares of company stock withheld to satisfy tax-withholding obligations related to RSU vesting. The shares were valued at $4.70 each for a total of $4,399. This is a withholding (code F) rather than an open-market sale.

Key Details

• Transaction date: 2026-08-08; Form 4 filed: 2026-08-11.
• Action: Withholding of 936 shares to cover taxes (disposition), price reported $4.70; total ~$4,399.
• Reported holdings context: the filing notes 351,589 shares issuable upon vesting/settlement of RSUs plus (i) 10,393 vested PRSUs (to be released March 2027) and (ii) an aggregate 58,500 PRSUs (50% to be released April 2027, remainder April 2028). These items total 420,482 contingent shares.
• Footnote: F1 confirms shares were withheld for tax obligations on RSU vesting; F2 details the RSU/PRSU counts and release schedule.
• Timeliness: Form filed three days after the transaction date; filing date is provided on the report (no late-filing flag noted in the materials provided).

Context
This was a routine tax-withholding transaction tied to RSU vesting (a common administrative disposition). It does not reflect an open-market sale or a separate judgment about company prospects.