Form 4: Enovix Corp: Chief Legal Officer Arthi Chakravarthy Reports Share Withholding for Tax Obligations
SEC Form 4
Arthi Chakravarthy, Chief Legal Officer of Enovix Corp, reports the withholding of 2,217 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On April 24, 2025, Arthi Chakravarthy, the Chief Legal Officer of Enovix Corp, had 2,217 shares of common stock withheld to satisfy tax obligations related to the vesting of restricted stock units (RSUs).
- The price per share for the transaction was $6.79.
- Following the transaction, Chakravarthy beneficially owns 442,202 shares of Enovix Corp, which includes 370,283 shares issuable upon the settlement of RSUs.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction related to tax obligations. It doesn't indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard tax withholding procedure related to equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax withholding event.
Key Dates
| Date | Description |
|---|---|
| 04/24/2025 | Date of transaction: withholding of shares for tax obligations related to RSU vesting. |
Keywords
Enovix Corp, Arthi Chakravarthy, Form 4, Beneficial Ownership, Restricted Stock Units, Tax Withholding, ENVX, Chief Legal Officer
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