Ralph H. Schmitt - Feb 1, 2023 Form 3 Insider Report for Enovix Corp (ENVX)

Role: Chief Commercial Officer
Signature: /s/ Steffen Pietzke, Attorney-in-Fact for Ralph H. Schmitt
Stock symbol: ENVX
Transactions as of: Feb 1, 2023
Transactions value $: $0
Form type: 3
Date filed: 2/8/2023, 03:31 PM
Next filing: Feb 22, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ENVX	Common Stock						131K	Feb 1, 2023	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
holding	ENVX	Stock Option (Right to Buy)							Feb 1, 2023	Common Stock	25.4K	$9.26	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 41,759 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 will vest on the first anniversary of June 6, 2022 (the "Vesting Commencement Date"); and the remainder will vest in a series of thirty-six (36) successive equal monthly installments measured from the first anniversary of the Vesting Commencement Date, subject to the Reporting Person's continuous service through each applicable vesting date.
F2	1/120th of the shares subject to the option vest monthly over four years commencing on April 18, 2021, and 1/20th of the shares subject to the option vest monthly thereafter over the next year, subject to Reporting Person's continuous service through each such vesting date.

Content

Includes 41,759 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 will vest on the first anniversary of June 6, 2022 (the "Vesting Commencement Date"); and the remainder will vest in a series of thirty-six (36) successive equal monthly installments measured from the first anniversary of the Vesting Commencement Date, subject to the Reporting Person's continuous service through each applicable vesting date.

1/120th of the shares subject to the option vest monthly over four years commencing on April 18, 2021, and 1/20th of the shares subject to the option vest monthly thereafter over the next year, subject to Reporting Person's continuous service through each such vesting date.