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 1,488 shares to cover tax obligations related to vesting restricted stock units on May 8, 2024.
Summary
- On May 8, 2024, Ajay Marathe, the Chief Operating Officer of Enovix Corp, had 1,488 shares of common stock withheld to satisfy tax obligations.
- This withholding was related to the vesting of restricted stock units (RSUs).
- Following the transaction, Marathe beneficially owns 977,425 shares of Enovix Corp, which includes 830,970 shares issuable upon the settlement of RSUs.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction related to executive compensation and tax obligations.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Date of transaction: Share withholding for tax obligations related to vesting of restricted stock units. |
| 05/09/2024 | Date of signature on the Form 4 filing. |
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