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 September 8, 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 933 shares were withheld at a price of $7.95 per share.
- Following the transaction, Chakravarthy beneficially owns 384,795 shares of Enovix Corp, which includes 334,419 shares issuable upon the settlement of RSUs.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard transaction related to tax obligations. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, transact in their company's stock. This filing indicates a routine transaction related to tax obligations from vesting RSUs.
Key Dates
| Date | Description |
|---|---|
| 09/08/2024 | Date of stock transaction (withholding of shares for tax obligations). |
| 09/10/2024 | Date of signature on the Form 4 filing. |
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