Form 4: Enovix Corp: Chief Legal Officer 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 May 8, 2025, Arthi Chakravarthy, the Chief Legal Officer of Enovix Corp, had 934 shares of common stock withheld to cover tax obligations related to the vesting of restricted stock units (RSUs).
- The price per share for the transaction was $6.48.
- Following the transaction, Chakravarthy beneficially owns 441,268 shares of Enovix Corp, which includes 368,516 shares issuable upon the settlement of RSUs.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine stock transaction related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine adjustment of stock ownership related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 05/08/2025 | Date of stock transaction (withholding of shares for tax obligations). |
| 05/09/2025 | 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
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.