Form 4: Enovix Corp: Chief Legal Officer Arthi Chakravarthy Reports Stock Transactions
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 October 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 932 shares were withheld at a price of $11.81.
- An additional 3,346 shares were withheld at a price of $11.81.
- Following these transactions, Chakravarthy beneficially owns 378,305 shares of Enovix Corp, which includes 322,117 shares issuable upon the settlement of RSUs.
Sentiment
Score: 5
Explanation: This Form 4 filing is a neutral event, simply reporting required insider transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This is a standard SEC Form 4 filing, which is a routine disclosure for corporate insiders reporting changes in their beneficial ownership of company stock. It doesn't necessarily reflect a broader industry trend but is specific to the individual's transactions and company policies regarding equity compensation.
Key Dates
| Date | Description |
|---|---|
| 10/08/2024 | Date of stock transactions (share withholding for tax obligations). |
| 10/09/2024 | Date of signature for the Form 4 filing. |
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