Form 4: Enovix Corp COO Ajay Marathe Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Chief Operating Officer of Enovix Corp, Ajay Marathe, reports withholding of shares to cover tax obligations related to vesting of restricted stock units.
Summary
- On April 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 price per share for the withholding was $6.01.
- Following the transaction, Marathe beneficially owns 1,195,960 shares of Enovix Corp, which includes 894,452 shares issuable upon the settlement of RSUs.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.
Stakeholder Impact
- Shareholders may monitor these filings to understand executive compensation and ownership trends.
Key Dates
| Date | Description |
|---|---|
| 04/14/2025 | Date of share withholding for tax obligations related to vesting of restricted stock units. |
| 04/15/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Enovix Corp, Ajay Marathe, Chief Operating Officer, Share Withholding, Tax Obligations, Restricted Stock Units, ENVX
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