Enovix (ENVX) Chief Legal Officer Arthi Chakravarthy Sells 2,221 Shares

What Happened Arthi Chakravarthy, Chief Legal Officer of Enovix (ENVX), had 2,221 shares withheld to satisfy tax withholding obligations related to RSU vesting. The shares were recorded at $2.96 each for a total disposed value of about $6,574 on 2026-09-24. This was a tax-withholding disposition (routine), not an open-market sale meant to express a view on the stock.

Key Details

• Transaction date: 2026-09-24; price per share: $2.96; shares withheld/disposed: 2,221; total value ≈ $6,574.
• Transaction code: F — withholding of shares to satisfy tax withholding on RSU vesting.
• Footnote F1: Confirms shares were withheld to cover tax obligations tied to RSU vesting.
• Footnote F2: Reporting person has 341,435 shares issuable upon RSU vesting plus (i) 10,393 vested PRSUs to be released March 2027 and (ii) 58,500 PRSUs (50% to be released April 2027, remainder April 2028). Each PRSU converts to one share upon settlement. These reflect contingent/vesting awards, not immediate open-market purchases.
• Filing: Reported on SEC accession 0001975015-26-000054 and filed 2026-09-28 (within the typical Form 4 filing window).

Context This disposition was a standard cashless/tax-withholding action tied to equity compensation vesting and is generally routine. Such transactions reduce the insider’s outstanding vested shares to cover taxes and do not necessarily indicate a buy or sell signal about the company’s prospects.