Form 4: Enovix Corp COO Ajay Marathe Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Ajay Marathe, Chief Operating Officer of Enovix Corp, reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On May 14, 2024, Ajay Marathe, the Chief Operating Officer of Enovix Corp, had 7,324 shares of common stock withheld to satisfy tax obligations related to the vesting of restricted stock units (RSUs).
- The price per share for the transaction was $9.78.
- Following the transaction, Marathe beneficially owns 970,101 shares of Enovix Corp common stock, including 817,086 shares issuable upon the settlement of RSUs.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't indicate positive or negative sentiment about the company's performance.
Key Dates
| Date | Description |
|---|---|
| 05/14/2024 | Date of transaction: withholding of shares for tax obligations related to vesting RSUs. |
| 05/15/2024 | Date of signature for the report. |
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