Gregory Reichow - Mar 31, 2022 Form 4 Insider Report for Enovix Corp (ENVX)

Role
Director
Signature
/s/ Edward J. Hejlek, Attorney-in-Fact for Gregory Reichow
Stock symbol
ENVX
Transactions as of
Mar 31, 2022
Transactions value $
$0
Form type
4
Date filed
4/4/2022, 04:40 PM
Previous filing
Jan 3, 2022
Next filing
Jun 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ENVX Common Stock Options Exercise +1.05K +50% 3.16K Mar 31, 2022 Direct F1, F2
holding ENVX Common Stock 15.6K Mar 31, 2022 Direct

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 Restricted Stock Units Options Exercise $0 -1.05K -49.98% $0.00 1.06K Mar 31, 2022 Common Stock 1.05K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F2 Pursuant to the Eclipse GP III, LLC ("Eclipse GP III") LLC Agreement, the Reporting Person is deemed to hold the RSUs for the benefit of Eclipse Ventures, LLC ("Eclipse"), which is entitled to hold the shares upon settlement of the RSUs. Eclipse may be deemed the indirect beneficial owner of such shares, and the Reporting Person is a partner of and may be deemed to share voting and dispositive power over shares held by Eclipse. The Reporting Person disclaims beneficial ownership of such shares except to the extent of any pecuniary interest therein.
F3 On October 20, 2021, the Reporting Person was granted 4,217 RSUs, of which 25% vested on the grant date and the remainder vest in three equal installments on each of December 31, 2021, March 31, 2022 and June 30, 2022, subject to the Reporting Person's continuous service through each applicable vesting date.