Michael J. Petrick - Jul 14, 2021 Form 4 Insider Report for Enovix Corp (ENVX)

Role
Director
Signature
/s/ Edward J. Hejlek, Attorney-in-Fact for Michael J. Petrick
Stock symbol
ENVX
Transactions as of
Jul 14, 2021
Transactions value $
$0
Form type
4
Date filed
7/16/2021, 09:02 PM
Next filing
Oct 22, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ENVX Common Stock Award +2.96M 2.96M Jul 14, 2021 Trust F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ENVX Stock Option (Right to Buy) Award +111K 111K Jul 14, 2021 Common Stock 111K $9.26 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received pursuant to the Agreement and Plan of Merger, dated as of February 22, 2021, by and among Rodgers Silicon Valley Acquisition Corp, a Delaware corporation ("RSVAC"), RSVAC Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of RSVAC ("Merger Sub"), and Enovix Corporation, a Delaware corporation ("Legacy Enovix"), pursuant to which (i) Merger Sub merged with and into Enovix, with Enovix surviving the merger as a wholly owned subsidiary of RSVAC and (ii) RSVAC changed its name to Enovix Corporation.
F2 The shares are held by the Michael John Petrick and Leslie Anderson Petrick, as Trustees of the Michael John Petrick Revocable Trust, as amended.
F3 The shares subject to the option are immediately exercisable and vest in 48 equal monthly installments beginning on the vesting commencement date, April 18, 2019, subject to Reporting Person's continuous service through each such vesting date.
F4 Received in exchange for a stock option to purchase 600,000 shares of Legacy Enovix Common Stock.