Form 4: Thurman J. Rodgers Reports Changes in Enovix Corp Beneficial Ownership
SEC Form 4
Thurman J. Rodgers, a director and 10% owner of Enovix Corp, reports acquisition and disposal of common stock and restricted stock units.
Summary
- On June 13, 2024, Thurman J. Rodgers reported changes in beneficial ownership of Enovix Corp stock.
- Rodgers acquired 15,128 shares of common stock upon the settlement of restricted stock units (RSUs).
- These RSUs vest in four tranches: September 13, 2024, December 13, 2024, March 13, 2025, and the earlier of June 13, 2025, or the date of the Issuer's 2025 annual meeting of stockholders.
- Rodgers also disposed of an unspecified amount of common stock.
- Following these transactions, Rodgers directly owns 16,962 shares and indirectly owns 20,784,303 shares through the Rodgers Massey Revocable Living Trust and 900,000 shares through the Rodgers Family Freedom and Free Markets Charitable Trust.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 04/04/2011 | Date of the Rodgers Massey Revocable Living Trust |
| 06/13/2024 | Date of the reported transaction |
| 06/17/2024 | Date of signature |
| 09/13/2024 | First vesting date for RSUs |
| 12/13/2024 | Second vesting date for RSUs |
| 03/13/2025 | Third vesting date for RSUs |
| 06/13/2025 | Final vesting date for RSUs (or earlier if annual meeting) |
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