Enovix Corp Chief Legal Officer Arthi Chakravarthy filed a Form 4 on October 27, 2026, reporting a tax-withholding transaction on October 24, 2026, in which 2,221 shares of common stock were surrendered in connection with the vesting of restricted stock units.

Key Highlights

  • Issuer and ticker: Enovix Corp, traded as NASDAQ:ENVX
  • Reporting person: Arthi Chakravarthy, Chief Legal Officer
  • Transaction: 2,221 shares of common stock disposed of (transaction code F) at $2.79 per share on October 24, 2026, to satisfy tax withholding obligations tied to RSU vesting
  • Beneficial ownership after transaction: 569,998 shares of common stock held directly
  • RSU component: The post-transaction total includes 309,552 shares issuable upon vesting and settlement of RSUs granted to the reporting person
  • Earned PRSUs included: The total also includes 10,393 vested PRSUs to be released in March 2027, and an aggregate of 58,500 PRSUs, 50% to be released in April 2027 and the remainder in April 2028

Chakravarthy RSU Vesting and Tax Withholding Details at Enovix

According to the filing, Arthi Chakravarthy, serving as Chief Legal Officer of Enovix Corp (NASDAQ:ENVX), reported the surrender of 2,221 shares of the company's common stock on October 24, 2026. The filing states that this disposal (transaction code F) "reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock units." The shares were withheld at a price of $2.79 each.

Following the reported transaction, the filing discloses that Chakravarthy directly beneficially owns 569,998 shares of Enovix common stock. The filing clarifies that this figure includes 309,552 shares issuable upon the future vesting and settlement of RSUs. It also includes 10,393 vested performance restricted stock units (PRSUs) scheduled to be released to the reporting person in March 2027.

In addition, the 569,998-share total encompasses an aggregate of 58,500 PRSUs, with 50% to be released in April 2027 and the remainder in April 2028. The filing notes that these are collectively referred to as the "Earned PRSUs," and that "each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement." No derivative securities transactions were reported in Table II of the filing.

What Was Disclosed

Enovix Corp's Chief Legal Officer Arthi Chakravarthy disclosed the withholding of 2,221 common shares at $2.79 per share on October 24, 2026, for RSU-related tax obligations, leaving a reported direct beneficial ownership of 569,998 shares, inclusive of unvested RSUs and Earned PRSUs.