J. Daniel Mccranie - Sep 8, 2021 Form 4 Insider Report for Enovix Corp (ENVX)

Role
Director
Signature
/s/ Edward J. Hejlek, Attorney-in-Fact for John Daniel McCranie
Stock symbol
ENVX
Transactions as of
Sep 8, 2021
Transactions value $
$0
Form type
4
Date filed
9/10/2021, 08:04 PM
Previous filing
Jul 16, 2021
Next filing
Oct 22, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ENVX Common Stock Other $0 +450K $0.00 450K Sep 8, 2021 Direct F1

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) Other $0 +500K $0.00 500K Sep 8, 2021 Common Stock 500K $11.50 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the in-kind distribution from Rodgers Capital, LLC, without consideration, to certain of its members, including the Reporting Person.
F2 Warrants become exercisable on the later of (i) 30 days after the completion of Issuer's initial business combination, which was on July 14, 2021, and (ii) 12 months from the closing of the Rodgers Silicon Valley Acquisition Corp. initial public offering, which was on December 4, 2020, and they expire five years after the completion of Issuer's initial business combination or earlier upon redemption or liquidation.