Truong Kristina 4

What Happened
Kristina Truong, Chief Accounting Officer of Enovix Corp (ENVX), disposed of a total of 6,970 shares in mid‑March 2026. On March 13, 2026 she had 970 shares withheld at $4.94 per share to satisfy tax withholding obligations related to RSU vesting (value withheld = $4,792). On March 16, 2026 she transferred (gifted) 6,000 shares (3,000 shares to each of her two children); those transfers were bona fide gifts and had no purchase/sale proceeds.

Key Details

• Transactions and codes: 2026-03-13 — 970 shares withheld for taxes (code F) at $4.94/share (total $4,792); 2026-03-16 — 6,000 shares gifted (code G) reported at $0.00.
• Footnotes: F1 confirms the 970‑share withholding satisfied tax obligations from RSU vesting; F3 confirms gifts were 3,000 shares to each of her two children; F2 describes remaining RSU/PRSU holdings and scheduled releases.
• Holdings after transaction: the filing references outstanding RSUs/PRSUs (e.g., 134,843 shares issuable upon RSU vesting plus additional PRSUs with staged release dates — see F2 for details). The Form 4 does not reflect a cash sale or open‑market disposition beyond the tax withholding and gifts.
• Filing timeliness: Report filed 2026-03-17; transactions occurred 2026-03-13 and 2026-03-16. The Form 4 was filed within the required reporting window.

Context

• The 970‑share action was a tax withholding associated with RSU settlement (routine, not a market sale). Such withholdings are administrative and common when equity awards vest.
• The 6,000‑share transfers were gifts to family members and do not directly indicate the reporting person’s view of the company’s stock.
• Footnote F2 outlines contingent PRSU awards with staged releases in 2027–2028; these are not immediate open‑market transactions.