Enovix (ENVX) CLO Chakravarthy Arthi Sells 936 Shares (Tax Withholding)

What Happened
Chakravarthy Arthi, Chief Legal Officer of Enovix Corp (ENVX), had 936 shares of Enovix common stock withheld and disposed on 2026-09-08 to satisfy tax withholding obligations related to RSU vesting. The shares were disposed at $3.47 per share for a total value of $3,248. This was a tax-withholding disposition (routine sale to cover taxes), not an open-market investment decision.

Key Details

• Transaction date and price: 2026-09-08, 936 shares disposed at $3.47 each (total $3,248). Transaction code: F (tax withholding).
• Filing date / timeliness: Form 4 filed 2026-09-10 (appears timely).
• Shares retained/issuable after transaction: See footnote—reporting includes 345,628 shares issuable upon RSU vesting plus (i) 10,393 vested PRSUs to be released March 2027 and (ii) 58,500 aggregate PRSUs (50% release April 2027, remainder April 2028). Each PRSU converts to one share upon settlement.
• Footnotes: F1 confirms withholding of shares to satisfy tax obligations on RSU vesting. F2 details the amounts and timing of additional RSUs/PRSUs issuable to the reporting person.

Context
This was a routine cashless sell-to-cover (tax withholding) tied to equity compensation vesting, which is common and does not by itself indicate a change in insider confidence. The reporting indicates future scheduled releases of performance RSUs (PRSUs) in 2027–2028.