Form 4: Enovix Corp: Chief Accounting Officer Kristina Truong Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Kristina Truong, Chief Accounting Officer of Enovix Corp, reports the withholding of 1,115 shares of common stock to cover tax obligations related to vesting restricted stock units on March 13, 2025.
Summary
- Kristina Truong, the Chief Accounting Officer of Enovix Corp, filed a Form 4 on March 17, 2025.
- The filing reports a transaction on March 13, 2025, where 1,115 shares of Enovix common stock were withheld to satisfy tax obligations related to the vesting of restricted stock units (RSUs).
- The price per share for the withholding was $7.21.
- Following the transaction, Truong beneficially owns 149,271 shares of Enovix common stock, which includes 128,930 shares issuable upon the settlement of RSUs.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to tax obligations, and has neutral sentiment.
Industry Context
Form 4 filings are a routine part of compliance for corporate insiders and provide transparency into their transactions in company stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/13/2025 | Date of the transaction where shares were withheld for tax obligations related to vesting RSUs. |
| 03/17/2025 | Date the Form 4 was filed. |
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