Form 4: Enovix Corp Officer Arthi Chakravarthy Reports Tax Withholding Share Transaction
SEC Form 4 Filing
Arthi Chakravarthy, an officer of Enovix Corp, reports the withholding of 19,164 shares to cover tax obligations related to vesting restricted stock units on April 24, 2024.
Summary
- On April 24, 2024, Arthi Chakravarthy, an officer of Enovix Corp, had 19,164 shares of common stock withheld to cover tax obligations.
- This was related to the vesting of restricted stock units (RSUs).
- Following the transaction, Chakravarthy beneficially owns 398,212 shares of Enovix Corp, including 366,368 shares issuable upon the settlement of RSUs.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction related to tax obligations. It doesn't indicate positive or negative sentiment.
Industry Context
This is a standard SEC Form 4 filing, reflecting a common practice of tax withholding upon the vesting of restricted stock units, a typical component of executive compensation packages in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 04/24/2024 | Date of transaction: withholding of shares for tax obligations related to vesting RSUs. |
| 04/25/2024 | Date of signature for the Form 4 filing. |
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