Enovix Corp: Chief Legal Officer Chakravarthy Arthi sold 10,368 shares

What happened

• Chakravarthy Arthi, the chief legal officer, sold a total of 10,368 shares on Oct 1, 2026 via share withholding to satisfy tax obligations: 3,336 shares at $2.78 for $9,274 and 7,032 shares at $2.78 for $19,549 (total $28,823).

Key details

• Transaction date and prices: Oct 1, 2026 — 3,336 shares at $2.78 ($9,274) and 7,032 shares at $2.78 ($19,549).
• Shares owned after the transaction: filing references issuable and vested awards — F2: includes 335,135 shares issuable upon vesting plus 10,393 vested PRSUs (to be released Mar 2027) and 58,500 Earned PRSUs (50% Apr 2027, 50% Apr 2028); F3: includes 321,855 shares issuable upon vesting and the Earned PRSUs.
• Footnotes: F1 = withholding of shares to satisfy tax withholding on RSU vesting; F2 and F3 = details on RSUs and performance RSUs (PRSUs/Earned PRSUs) and their release schedule.
• Filing date: Oct 5, 2026; the filing does not indicate it was filed late.

Why it may matter

• The transactions are coded F, indicating share withholding to satisfy tax obligations rather than an open-market sale or separate purchase. The filing does not show why the insider traded or why the company acted.