Form 4: Enovix Corp CEO Rajendra Talluri Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Rajendra Talluri, President and CEO of Enovix Corp, reports withholding of 11,894 shares to cover tax obligations related to vesting of restricted stock units.
Summary
- On April 18, 2024, Rajendra K Talluri, the President and CEO of Enovix Corp, had 11,894 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 $6.01.
- Following the transaction, Talluri directly owns 2,499,870 shares of Enovix Corp, which includes 2,205,062 shares issuable upon the settlement of RSUs.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate positive or negative sentiment about the company's prospects.
Industry Context
This is a standard SEC filing related to insider transactions. It is common for executives to have shares withheld to cover tax obligations when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 04/18/2024 | Date of share withholding for tax obligations related to vesting of restricted stock units. |
| 04/19/2024 | Date of signature on the Form 4 filing. |
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