Form 4: Enovix Corp Executive Ajay Marathe Reports Share Withholding for Tax Obligations

Ajay Marathe, Chief Operating Officer of Enovix Corp, reports withholding of 7,338 common stock shares to cover tax obligations related to vesting of restricted stock units on May 14, 2025.

Summary

• On May 14, 2025, Ajay Marathe, the Chief Operating Officer of Enovix Corp, had 7,338 shares of common stock withheld to satisfy tax obligations.
• This withholding was related to the vesting of restricted stock units (RSUs).
• The price per share for the transaction was $7.99.
• Following the transaction, Marathe beneficially owns 1,187,132 shares of Enovix Corp, which includes 877,749 shares issuable upon the settlement of RSUs.

Sentiment

Score: 5

Explanation: This Form 4 filing reflects a routine transaction related to tax obligations and RSU vesting, and does not indicate any significant positive or negative sentiment.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine tax-related share withholding.

Key Dates

Keywords

Enovix Corp, ENVX, Ajay Marathe, Chief Operating Officer, Form 4, Beneficial Ownership, Restricted Stock Units, Tax Withholding, Securities Exchange Act, SEC