Steffen Pietzke - 22 Nov 2022 Form 4 Insider Report for Enovix Corp (ENVX)

Role
Chief Financial Officer
Signature
/s/ Edward J. Hejlek, Attorney-in-Fact for Steffen Pietzke
Issuer symbol
ENVX
Transactions as of
22 Nov 2022
Net transactions value
-$368,321
Form type
4
Filing time
25 Nov 2022, 18:00:24 UTC
Previous filing
08 Nov 2022
Next filing
08 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ENVX Common Stock Award $0 +400,000 +235% $0.000000 570,404 22 Nov 2022 Direct F1
transaction ENVX Common Stock Tax liability $368,321 -29,584 -5.2% $12.45 540,820 22 Nov 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares issuable on the settlement of restricted stock units ("RSUs") granted to the Reporting Person. Each RSU represents a contingent right to receive one share of the Issuer's common stock. 25% of the RSUs vested on November 22, 2022 (the "Vesting Commencement Date"); and the remainder will vest in a series of forty-eight (48) successive equal monthly installments measured from the Vesting Commencement Date, subject to the Reporting Person's continuous service through each applicable vesting date.
F2 Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the vesting of RSUs on November 22, 2022.
F3 Includes 433,607 shares issuable on the settlement of RSUs granted to the Reporting Person.