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 March 24, 2025, 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 2,217 shares were withheld at a price of $8.84 per share.
- Following the transaction, Chakravarthy directly owns 347,900 shares of Enovix Corp, which includes 281,779 shares issuable upon the settlement of RSUs.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard tax obligations, with no significant positive or negative implications.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. This filing indicates routine tax-related stock withholding.
Key Dates
| Date | Description |
|---|---|
| 03/24/2025 | Date of stock transaction (withholding of shares for tax obligations). |
| 03/25/2025 | Date of signature for the Form 4 filing. |
Keywords
Enovix Corp, ENVX, Arthi Chakravarthy, Chief Legal Officer, Form 4, Stock Transaction, Restricted Stock Units, RSUs, Beneficial Ownership, Tax Withholding
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