Form 4: Enovix Corp Executive Arthi Chakravarthy Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Arthi Chakravarthy, Chief Legal Officer of Enovix Corp, reports the withholding of 2,219 shares to cover tax obligations related to vesting restricted stock units.
Summary
- On February 24, 2025, Arthi Chakravarthy, the Chief Legal Officer of Enovix Corp, had 2,219 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 $9.82 per share.
- Following the transaction, Chakravarthy beneficially owns 346,358 shares of Enovix Corp, which includes 287,740 shares issuable upon the settlement of RSUs.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation. It's neutral in nature, indicating standard operational procedures.
Industry Context
This is a standard SEC Form 4 filing, reflecting a common practice of share withholding to cover tax obligations upon the vesting of restricted stock units, a typical component of executive compensation in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine part of executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/24/2025 | Date of transaction: withholding of shares for tax obligations related to vesting of restricted stock units. |
| 02/25/2025 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.