Thurman John Rodgers - 14 Jul 2021 Form 4 Insider Report for Enovix Corp (ENVX)

Signature
/s/ Edward J. Hejlek, Attorney-in-Fact for Thurman J. Rodgers
Issuer symbol
ENVX
Transactions as of
14 Jul 2021
Net transactions value
$0
Form type
4
Filing time
16 Jul 2021, 21:37:40 UTC
Previous filing
21 May 2021
Next filing
10 Sep 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ENVX Common Stock Award +17,126,552 17,126,552 14 Jul 2021 Trust F1, F2
holding ENVX Common Stock 5,750,000 14 Jul 2021 LLC F3

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 Warrant (Right to Buy) Award $0 +6,000,000 $0.000000 6,000,000 14 Jul 2021 Common Stock 6,000,000 $11.50 LLC 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 Rodgers Massey Revocable Living Trust dtd 4/4/11 for which the Reporting Person is a trustee.
F3 The shares are held by Rodgers Capital, LLC for which the Reporting Person is the managing member and has voting and dispositive power over the shares.
F4 Warrants become exercisable on the later of (i) 30 days after the completion of our initial business combination, which was on July 14, 2021, and (ii) 12 months from the closing of the RSVAC initial public offering, which was on December 4, 2020, and they expire five years after the completion of our initial business combination or earlier upon redemption or liquidation.