Form 4: Enovix CEO Rajendra Talluri Reports Tax-Related Stock Withholding
SEC Form 4 Filing
Enovix Corp CEO Rajendra K Talluri reports the withholding of 17,617 shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On March 18, 2025, Rajendra K Talluri, the President and CEO of Enovix Corp, had 17,617 shares of common stock withheld to satisfy tax obligations.
- This withholding was related to the vesting of restricted stock units (RSUs).
- The price per share for the transaction was $7.88.
- Following the transaction, Talluri beneficially owns 2,034,427 shares of Enovix Corp, which includes 1,671,684 shares issuable upon the settlement of RSUs.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard tax withholding procedures, and doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine Form 4 filing related to insider transactions, specifically the withholding of shares to cover tax obligations upon the vesting of restricted stock units. Such filings are common and provide transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/18/2025 | Date of the stock withholding transaction and RSU vesting. |
| 03/19/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Rajendra Talluri, Enovix, ENVX, Stock Withholding, Restricted Stock Units, RSUs, Beneficial Ownership, Tax Obligations, Insider Transaction
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