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 July 8, 2024, Arthi Chakravarthy, the Chief Legal Officer of Enovix Corp, had 4,278 shares of common stock withheld to satisfy tax obligations related to the vesting of restricted stock units (RSUs).
- The shares were withheld at a price of $16.65 per share.
- Following the transaction, Chakravarthy beneficially owns 389,105 shares of Enovix Corp, which includes 346,340 shares issuable upon the settlement of RSUs.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates a routine transaction related to tax obligations on vested equity.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine withholding of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 07/08/2024 | Date of stock transaction (withholding of shares for tax obligations). |
| 07/10/2024 | Date of signature on the Form 4 filing. |
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