Form 4: Enovix CEO Raj Talluri Disposes of Shares for Tax Obligations

Enovix Corp's President and CEO, Rajendra K. Talluri, disposed of 17,618 shares of common stock at $15.54 per share on July 18, 2025, to cover tax withholding obligations related to RSU vesting.

Summary

• Rajendra K. Talluri, President and CEO, and a Director of Enovix Corp (ENVX), disposed of 17,618 shares of common stock.
• The transaction occurred on July 18, 2025, at a price of $15.54 per share.
• The disposition was a mandatory withholding of shares to satisfy tax obligations associated with the vesting of Restricted Stock Units (RSUs).
• Following this transaction, Talluri beneficially owns 2,382,253 shares of Enovix common stock, which includes 1,895,306 shares issuable upon the settlement of RSUs.

Sentiment

Score: 5

Explanation: A routine insider transaction for tax withholding purposes, which is neutral in sentiment as it does not reflect a discretionary sale or purchase by the insider.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction and does not provide information related to broader industry trends or competitors.

Stakeholder Impact

• The disposition of shares for tax withholding is a routine administrative event with minimal direct impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Enovix Corp, ENVX, Rajendra K. Talluri, CEO, Director, Form 4, SEC filing, insider transaction, stock disposition, tax withholding, RSU vesting, common stock