Farhan Ahmad - Jul 10, 2023 Form 4 Insider Report for Enovix Corp (ENVX)

Role: Chief Financial Officer
Signature: /s/ Arthi Chakravarthy, Attorney-in-Fact for Farhan Ahmad
Stock symbol: ENVX
Transactions as of: Jul 10, 2023
Transactions value $: $3,999,996
Form type: 4
Date filed: 7/12/2023, 04:46 PM
Next filing: Apr 10, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ENVX	Common Stock	Award	$4M	+202K		$19.80	202K	Jul 10, 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Reflects 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. 20% of the RSUs will vest on July 10, 2024, the first anniversary from July 10, 2023 (the "Vesting Commencement Date"); and the remainder will vest in a series of forty-eight (48) successive equal monthly installments measured from the first anniversary of the Vesting Commencement Date, subject to the Reporting Person's continuous service through such applicable vesting date.
F2	Includes 202,020 shares issuable upon the settlement of RSUs granted to the Reporting Person.

Content

Reflects 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. 20% of the RSUs will vest on July 10, 2024, the first anniversary from July 10, 2023 (the "Vesting Commencement Date"); and the remainder will vest in a series of forty-eight (48) successive equal monthly installments measured from the first anniversary of the Vesting Commencement Date, subject to the Reporting Person's continuous service through such applicable vesting date.

Includes 202,020 shares issuable upon the settlement of RSUs granted to the Reporting Person.