Ajay Marathe - May 24, 2024 Form 4 Insider Report for Enovix Corp (ENVX)

Role
Chief Operating Officer
Signature
/s/ Arthi Chakravarthy, Attorney-in-Fact for Ajay Marathe
Stock symbol
ENVX
Transactions as of
May 24, 2024
Transactions value $
-$30,236
Form type
4
Date filed
5/29/2024, 09:22 PM
Previous filing
May 15, 2024
Next filing
Jun 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ENVX Common Stock Award $0 +5.3K +0.55% $0.00 975K May 24, 2024 Direct F1, F2
transaction ENVX Common Stock Tax liability -$30.2K -2.8K -0.29% $10.81 973K May 24, 2024 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 of the Issuer's common stock issued to the Reporting Person upon the receipt of a fully vested award of restricted stock units ("RSUs") on May 24, 2024. These RSUs represent the Reporting Person's award bonus earned for the quarter ended March 31, 2024. Each RSU represents a contingent right to receive one share of Issuer's common stock.
F2 Includes 817,086 shares issuable upon the settlement of RSUs granted to the Reporting Person.
F3 Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the receipt of a fully vested award of RSUs on May 24, 2024.