Form 4: Enovix Corp: Chief Legal Officer Arthi Chakravarthy Reports Share Withholding for Tax Obligations

Arthi Chakravarthy, Chief Legal Officer of Enovix Corp, reports the withholding of 4,287 shares to cover tax obligations related to vesting restricted stock units.

Summary

• On April 8, 2025, Arthi Chakravarthy, the Chief Legal Officer of Enovix Corp, had 4,287 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 withholding was $5.46.
• Following the transaction, Chakravarthy beneficially owns 444,419 shares, including 374,476 shares issuable upon the settlement of RSUs.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This is a standard SEC Form 4 filing, reflecting a common practice of share withholding to cover tax obligations upon the vesting of restricted stock units, a typical component of executive compensation packages.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares withheld for tax purposes.
• The transaction directly affects Arthi Chakravarthy's holdings in Enovix Corp.

Key Dates

Keywords

Enovix Corp, Arthi Chakravarthy, Form 4, Share Withholding, Tax Obligations, Restricted Stock Units, ENVX, Beneficial Ownership