Betsy S. Atkins - Jun 20, 2023 Form 4 Insider Report for Enovix Corp (ENVX)

Role
Director
Signature
/s/ Steffen Pietzke, Attorney-in-Fact for Betsy S. Atkins
Stock symbol
ENVX
Transactions as of
Jun 20, 2023
Transactions value $
-$68,011
Form type
4
Date filed
6/21/2023, 08:05 PM
Previous filing
Jun 16, 2023
Next filing
Jun 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ENVX Common Stock Sale -$68K -4.53K -2.27% $15.02 195K Jun 20, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions ranging from $15.01 to $15.06, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 Includes 7,336 shares issuable upon 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.