Form 4: Enovix Corp: Chief Legal Officer Arthi Chakravarthy Reports Stock Transaction
SEC Form 4
Arthi Chakravarthy, Chief Legal Officer of Enovix Corp, reports the withholding of 2,212 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On September 24, 2024, Arthi Chakravarthy, the Chief Legal Officer of Enovix Corp, had 2,212 shares of common stock withheld to satisfy tax obligations related to the vesting of restricted stock units (RSUs).
- The price per share was $8.91.
- Following the transaction, Chakravarthy beneficially owns 382,583 shares of Enovix Corp, which includes 330,226 shares issuable upon the settlement of RSUs.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax-related stock withholding.
Key Dates
| Date | Description |
|---|---|
| 09/24/2024 | Date of stock transaction (withholding of shares for tax obligations). |
| 09/25/2024 | Date of signature for the Form 4 filing. |
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