Gregory Reichow - Jun 13, 2024 Form 4 Insider Report for Enovix Corp (ENVX)

Role
Director
Signature
/s/ Arthi Chakravarthy, Attorney-in-Fact for Gregory Reichow
Stock symbol
ENVX
Transactions as of
Jun 13, 2024
Transactions value $
$0
Form type
4
Date filed
6/17/2024, 07:19 PM
Previous filing
Jun 20, 2023
Next filing
Jun 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ENVX Common Stock Award $0 +15.1K +73.4% $0.00 35.7K Jun 13, 2024 Direct F1, F2, F3
holding ENVX Common Stock 15.6K Jun 13, 2024 Direct
* 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 will vest on each of September 13, 2024, December 13, 2024, March 13, 2025 and the earlier of (i) June 13, 2025; or (ii) the date of the Issuer's 2025 annual meeting of stockholders (or the date immediately preceding such date if the Reporting Person's service as a director ends at such meeting due to the director's failure to be re-elected or not standing for re-election), subject to the Reporting Person's continuous service through each applicable vesting date.
F2 Includes 15,128 shares issuable upon the settlement of RSUs granted to the Reporting Person.
F3 Pursuant to the Eclipse GP III, LLC Agreement, the Reporting Person is deemed to hold the RSUs for the benefit of Eclipse Ventures, LLC ("Eclipse"), which is entitled to hold the shares upon settlement of the RSUs. Eclipse may be deemed the indirect beneficial owner of such shares, and the Reporting Person is a partner of and may be deemed to share voting and dispositive power over shares held by Eclipse. The Reporting Person disclaims beneficial ownership of such shares except to the extent of any pecuniary interest therein.