Enovix (ENVX) CLO Chakravarthy Arthi Sells 2,221 Shares

What Happened Chakravarthy Arthi, Chief Legal Officer of Enovix Corp (ENVX), had 2,221 shares of company stock withheld on Aug 24, 2026 to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs). The shares were recorded at $3.27 each, for a total value of approximately $7,263. This was a tax-withholding share surrender (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-08-24; filing date: 2026-08-26 (filed two days after the transaction).
• Shares withheld/disposed: 2,221 at $3.27 per share; total ≈ $7,263.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnote F1: The transaction reflects withholding of shares to satisfy tax obligations on RSU vesting.
• Footnote F2: Reporting person has 347,395 shares issuable upon vesting/settlement of RSUs plus (i) 10,393 vested PRSUs to be released March 2027 and (ii) 58,500 PRSUs (50% slated for April 2027, remainder April 2028). Each PRSU converts to one common share upon settlement.
• Transaction type: routine tax withholding (code F), generally considered administrative rather than a directional insider trade.

Context This was a withholding of vested equity to cover taxes (a common, routine corporate action). Such transactions typically do not signal management’s view of the company’s near-term prospects in the way an open-market purchase or sale might.