Form 4: Enovix Corp: Chief Legal Officer Arthi Chakravarthy Reports Stock Transaction
SEC Form 4 Filing
Arthi Chakravarthy, Chief Legal Officer of Enovix Corp, reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On December 24, 2024, Arthi Chakravarthy, the Chief Legal Officer of Enovix Corp, had shares of common stock withheld to satisfy tax obligations related to the vesting of restricted stock units (RSUs).
- A total of 2,213 shares were withheld at a price of $10.08 per share.
- Following the transaction, Chakravarthy beneficially owns 335,974 shares of Enovix Corp, which includes 306,002 shares issuable upon the settlement of RSUs.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 12/24/2024 | Date of the stock transaction (withholding of shares for tax obligations). |
| 12/26/2024 | Date of signature for the Form 4 filing. |
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