Form 4: Enovix CEO Rajendra Talluri Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Enovix CEO Rajendra K. Talluri disposed of 17,925 shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On April 8, 2025, Rajendra K. Talluri, the President and CEO of Enovix Corp, disposed of 17,925 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs).
- The price per share was $5.46.
- Following the transaction, Talluri directly owns 2,486,932 shares of Enovix Corp, which includes 2,108,199 shares issuable upon the settlement of RSUs.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations. It doesn't indicate a change in the executive's confidence in the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small percentage of the CEO's total holdings.
Key Dates
| Date | Description |
|---|---|
| 04/08/2025 | Date of transaction: Rajendra K. Talluri disposed of 17,925 shares of Enovix Corp common stock. |
| 04/09/2025 | Date of signature on the Form 4 filing. |
Keywords
Enovix Corp, Rajendra Talluri, Form 4, share disposal, restricted stock units, tax withholding, ENVX, CEO
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