Truong Kristina 4

What Happened

• Kristina Truong, Chief Accounting Officer of Enovix (ENVX), had 278 shares of company stock withheld on Feb 10, 2026 to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs). The shares were valued at $6.28 each for a total of $1,746. This was a tax-withholding disposal (transaction code F), not an open-market sale or purchase.

Key Details

• Transaction date and price: 2026-02-10 — 278 shares at $6.28 each (total $1,746).
• Transaction type: Code F — withholding of shares to satisfy tax withholding on RSU vesting.
• Shares/awards reported after transaction: 141,639 shares issuable upon vesting of RSUs and 4,978 vested performance RSUs (PRSUs).
• PRSU release schedule: 50% of the 4,978 vested PRSUs to be released March 2, 2026; remaining 50% on March 1, 2027. Each PRSU is a contingent right to one share.
• Filing: Report filed Feb 12, 2026 for a Feb 10 transaction — filed within the typical two-business-day Form 4 window.

Context

• Withholding shares to cover taxes on vested RSUs is routine and administrative; it’s a disposition for tax purposes, not a market sell that signals trading intent.
• PRSUs are performance-contingent awards and are only converted to shares upon meeting vesting/performance conditions and scheduled release dates.