Form 4: Enovix Corp Executive Arthi Chakravarthy Reports Stock Transaction
SEC Form 4 Filing
Arthi Chakravarthy, Chief Legal Officer of Enovix Corp, reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On June 9, 2024, Arthi Chakravarthy, Chief Legal Officer of Enovix Corp, reported a transaction involving the company's common stock.
- 933 shares were withheld to satisfy tax obligations related to the vesting of restricted stock units (RSUs) on June 8, 2024, at a price of $10.48 per share.
- Following the transaction, Chakravarthy beneficially owns 395,595 shares of Enovix Corp, which includes 358,642 shares issuable upon the settlement of RSUs.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, providing investors with insights into the actions of company executives and their confidence in the company's stock.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 06/08/2024 | Vesting of restricted stock units (RSUs). |
| 06/09/2024 | Date of the reported stock transaction. |
| 06/10/2024 | Date of signature on the Form 4 filing. |
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