Form 4: Enovix Corp COO Ajay Marathe Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Enovix Corp's Chief Operating Officer, Ajay Marathe, reported the withholding of 7,338 shares to cover tax obligations related to vesting restricted stock units on February 14, 2025.
Summary
- On February 14, 2025, Ajay Marathe, the Chief Operating Officer of Enovix Corp, had 7,338 shares of common stock withheld to satisfy tax obligations related to the vesting of restricted stock units (RSUs).
- The shares were withheld at a price of $11.45 per share.
- Following the transaction, Marathe beneficially owns 1,076,739 shares, which includes 801,905 shares issuable upon the settlement of RSUs.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations and does not inherently indicate positive or negative sentiment.
Industry Context
This is a standard SEC Form 4 filing, which is common for corporate insiders reporting changes in their beneficial ownership of company stock. It is a routine part of corporate governance and transparency.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine withholding of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/14/2025 | Date of transaction: withholding of shares for tax obligations related to vesting of restricted stock units. |
| 02/18/2025 | Date of signature on the Form 4 filing. |
Keywords
Enovix Corp, Ajay Marathe, Form 4, Beneficial Ownership, Restricted Stock Units, Tax Withholding, ENVX, COO
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