Form 4: Enovix Corp: Chief Legal Officer Arthi Chakravarthy Reports Tax Withholding Share Transaction
SEC Form 4 Filing
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 on August 24, 2024.
Summary
- On August 24, 2024, Arthi Chakravarthy, the Chief Legal Officer of Enovix Corp, had 2,212 shares of common stock withheld to satisfy tax obligations.
- This withholding was related to the vesting of restricted stock units (RSUs).
- The price per share for the transaction was $10.57.
- Following the transaction, Chakravarthy directly owns 385,728 shares of Enovix Corp, which includes 336,186 shares issuable upon the settlement of RSUs.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to tax obligations, and does not indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders, providing transparency into their transactions in company stock.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard tax withholding procedure.
Key Dates
| Date | Description |
|---|---|
| 08/24/2024 | Date of transaction: withholding of shares for tax obligations related to vesting of restricted stock units. |
| 08/26/2024 | Date of signature on the Form 4 filing. |
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