Arthi Chakravarthy, Chief Legal Officer of Enovix Corp (NASDAQ:ENVX), filed a Form 4 on September 10, 2026, disclosing a transaction dated September 8, 2026, involving the withholding of common stock shares to satisfy tax obligations tied to vesting restricted stock units.

Key Highlights

  • Transaction type: 936 shares of common stock were disposed of (transaction code F) at a price of $3.47 per share on September 8, 2026.
  • Purpose of disposal: The shares were withheld to satisfy tax withholding obligations in connection with the vesting of RSUs, according to the filing.
  • Beneficial ownership following transaction: Chakravarthy beneficially owned 589,103 shares following the reported transaction, held directly.
  • RSU component: The post-transaction total includes 345,628 shares issuable upon the vesting and settlement of RSUs granted to the reporting person.
  • PRSU component: The total also includes 10,393 vested PRSUs to be released in March 2027, and 58,500 PRSUs with 50% releasing in April 2027 and the remainder in April 2028.
  • Reporting person role: Chakravarthy is identified in the filing as Chief Legal Officer of Enovix Corp.

Enovix CLO Chakravarthy Discloses RSU Tax Withholding Transaction

According to the Form 4 filed with the SEC on September 10, 2026, Arthi Chakravarthy, Chief Legal Officer of Enovix Corp, disposed of 936 shares of the company's common stock on September 8, 2026, at a price of $3.47 per share. The filing states that this disposal reflects the withholding of shares to satisfy tax withholding obligations connected to the vesting of restricted stock units (RSUs), recorded under transaction code F.

Following this transaction, the filing reports that Chakravarthy directly holds beneficial ownership of 589,103 shares. The filing notes that this total includes 345,628 shares issuable upon the vesting and settlement of RSUs, as well as 10,393 vested performance restricted stock units (PRSUs) scheduled for release to the reporting person in March 2027. Additionally, the total incorporates an aggregate of 58,500 PRSUs, with 50% to be released in April 2027 and the remaining 50% in April 2028. The filing specifies 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. The Form 4 was filed by one reporting person, and ownership of all reported securities is listed as direct.

What Was Disclosed

The filing discloses a single tax-related share withholding transaction by Enovix Corp's Chief Legal Officer, resulting in the disposal of 936 shares at $3.47, with 589,103 shares beneficially owned directly after the transaction, including RSU and PRSU components.