Enovix (ENVX) COO Michael Vyvoda Receives RSU Award

What Happened

• Michael Vyvoda, Chief Operating Officer of Enovix Corp (ENVX), received equity awards on August 5, 2026 consisting of 932,400 restricted stock units (RSUs) and 23,310 shares issued on vesting. The awards are reported as grants (code A); the RSUs show $0.00 per share because they are compensation awards, not purchases.
• To satisfy tax withholding on the immediately vested portion, 13,579 shares were withheld (code F) at an indicated per-share amount of $4.29, totaling $58,254. The large 932,400-RSU portion is subject to future vesting.

Key Details

• Transaction date(s): August 5, 2026; filing date: August 10, 2026 (filed 5 days after the transaction date).
• Grants: 932,400 RSUs (unvested, see vesting schedule) and 23,310 shares issued upon a fully vested award.
• Tax withholding: 13,579 shares withheld at $4.29/share = $58,254 (code F).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes:
  • F1: 932,400 RSUs subject to vesting — 25% vest on the one-year anniversary of the vesting commencement date (Aug 5, 2026), remainder vests in 12 equal quarterly installments thereafter.
  • F2: 23,310 shares reflect a fully vested award issued on Aug 5, 2026.
  • F3: 13,579 shares withheld to satisfy tax obligations upon vesting.
  • F4: Confirms 932,400 RSUs included in the grant total.
• Filing timeliness: Filing appears to have been submitted Aug 10 for an Aug 5 transaction, which is outside the standard two-business-day Form 4 reporting window (i.e., appears late).

Context

• RSUs are compensation awards that convert to shares upon vesting; the grant itself is not a market purchase or sale and does not necessarily signal a buy/sell decision by the insider. The withholding of shares to cover taxes is common and reported as a disposition (code F) even though it reflects tax payment rather than a voluntary sale.