Enovix (ENVX) Chief Legal Officer Arthi Chakravarthy Receives RSU Award

What Happened
Arthi Chakravarthy, Chief Legal Officer of Enovix (ENVX), received a fully vested award of 18,546 restricted stock units (RSUs) on August 28, 2026 (transaction code A). To satisfy tax withholding obligations related to that vesting (transaction code F), 9,821 shares were withheld/disposed at $3.36 per share for a value of $32,999.

Key Details

• Transaction date: August 28, 2026 (filed with the SEC on September 1, 2026).
• Award: 18,546 RSUs issued to Chakravarthy (acquisition at $0.00).
• Tax withholding: 9,821 shares withheld/disposed at $3.36 each for $32,999. (Footnote F3)
• Reported beneficial holdings note (Footnote F2): includes 347,395 shares issuable upon vesting/settlement of RSUs previously granted, plus 10,393 vested PRSUs to be released March 2027 and 58,500 PRSUs (50% due April 2027; remainder April 2028).
• Nature of disposition: withholding to satisfy taxes (not an open-market sale).

Context
This was a routine vesting and tax-withholding event: RSUs vested and shares were issued, with a portion withheld to cover taxes (a common cashless withholding). Such withholdings don't indicate a discretionary sale choice by the insider and are standard following equity vesting. The filing date (Sept 1) appears within the typical two-business-day Form 4 reporting window following the Aug 28 transaction.