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, reports the withholding of 7,324 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On October 14, 2024, Ajay Marathe, the Chief Operating Officer of Enovix Corp, had 7,324 shares of common stock withheld to satisfy tax obligations.
- This withholding occurred in connection with the vesting of restricted stock units (RSUs).
- The price per share for the withholding was $12.81.
- Following the transaction, Marathe beneficially owns 922,328 shares of Enovix Corp, which includes 716,660 shares issuable upon the settlement of RSUs.
Sentiment
Score: 5
Explanation: The document reports a routine transaction (share withholding for tax obligations) and has no inherent positive or negative implications for the company's overall outlook.
Key Dates
| Date | Description |
|---|---|
| 10/14/2024 | Date of share withholding for tax obligations related to vesting RSUs. |
| 10/15/2024 | Date of signature for the Form 4 filing. |
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