Thurman J. Rodgers - Apr 20, 2023 Form 4 Insider Report for Enovix Corp (ENVX)

Role
Director, 10%+ Owner
Signature
/s/ Steffen Pietzke, Attorney-in-Fact for Thurman J. Rodgers
Stock symbol
ENVX
Transactions as of
Apr 20, 2023
Transactions value $
$10,000,000
Form type
4
Date filed
4/24/2023, 04:31 PM
Previous filing
Apr 6, 2023
Next filing
Apr 26, 2023

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 3.00% Convertible Senior Notes due 2028 Purchase $10M $10M Apr 20, 2023 Common Stock 641K $15.61 Trust F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to a subscription agreement, entered into on April 17, 2023, the Issuer issued and sold $10.0 million aggregate principal amount of 3.00% Convertible Secured Notes due 2028 (the "Notes") to an entity affiliated with the Reporting Person (the "Holder"). The Notes are convertible at the option of the Holder into cash, shares of the Issuer's common stock, par value $0.0001 per share ("Common Stock"), or a combination of cash and shares of Common Stock, at the Issuer's election, subject to certain adjustments.
F2 Interest on the Notes will accrue at a rate of 3.00% per year from April 20, 2023 and will be payable semi-annually in arrears on May 1, and November 1 of each year, beginning on November 1, 2023.
F3 Represents the number of shares of Common Stock that may be issued upon conversion of the Notes based on the initial conversion rate of 64.0800 shares of Common Stock per $1,000 principal amount of Notes, which is subject to customary anti-dilution adjustment provisions.
F4 The Holder is the Rodgers Family Freedom and Free Markets Charitable Trust for which the Reporting Person is a trustee and has dispositive power over the Notes.