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 2,213 shares to cover tax obligations related to vesting restricted stock units on October 24, 2024, leaving a total of 341,092 shares beneficially owned.
Summary
- On October 24, 2024, Arthi Chakravarthy, the Chief Legal Officer of Enovix Corp, engaged in a transaction involving the company's common stock.
- A total of 2,213 shares were withheld to cover tax obligations associated with the vesting of restricted stock units (RSUs).
- The price per share for the transaction was $10.88.
- Following the transaction, Chakravarthy beneficially owns 341,092 shares of Enovix Corp, which includes 317,923 shares issuable upon the settlement of RSUs.
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and tax obligations, with no inherent positive or negative implications for the company's overall performance or outlook.
Industry Context
This is a standard SEC Form 4 filing, reflecting a common practice of withholding shares to cover tax obligations upon the vesting of restricted stock units, a typical component of executive compensation in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 10/24/2024 | Date of stock transaction: withholding of shares for tax obligations related to vesting RSUs. |
| 10/25/2024 | Date of signature for the Form 4 filing. |
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