Truong Kristina 4
4 · Enovix Corp · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Enovix (ENVX) CAO Kristina Truong Sells 241 Shares for Taxes
What Happened
Kristina Truong, Chief Accounting Officer of Enovix (ENVX), had 241 shares of the issuer’s common stock disposed on March 10, 2026 as part of a tax-withholding transaction tied to the vesting/settlement of restricted stock units (RSUs). The shares were disposed at $4.94 per share for a total of $1,191. This was a withholding to satisfy tax obligations (code F), not an open-market sale driven by investment intent.
Key Details
- Transaction date and price: March 10, 2026 — 241 shares withheld at $4.94 each (total $1,191).
- Transaction code: F (shares withheld to satisfy tax withholding obligations).
- Shares owned after transaction: the filing does not state a single post-transaction common-share total, but footnote F2 indicates contingent/issued holdings that include 136,759 shares issuable upon RSU vesting plus 37,767 performance RSUs (2,489 vested PRSUs to be released Mar 2027 and 35,278 PRSUs released 50% Apr 2027 / 50% Apr 2028) — a total of 174,526 contingent shares referenced.
- Footnotes: F1 confirms shares were withheld to cover taxes on vested RSUs; F2 details the breakdown and timing of RSUs and PRSUs.
- Filing timeliness: Reported period is 2026-03-10 and filed 2026-03-12 — appears to be filed within the standard Form 4 reporting window.
Context
Tax-withholding disposals are routine when RSUs vest and do not necessarily indicate the insider is reducing their economic exposure or expressing a view on the stock. PRSUs noted in the filing are contingent performance awards that will convert to shares only if performance/service conditions and release schedules are met.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-03-10$4.94/sh−241$1,191→ 225,326 total
Footnotes (2)
- [F1]Reflects the withholding of shares of the Issuer's common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock units ("RSUs").
- [F2]Includes 136,759 shares issuable upon the vesting and settlement of RSUs granted to the Reporting Person, as well as: (i) 2,489 vested performance restricted stock units ("PRSUs"), which will be released to the Reporting Person in March 2027, and (ii) an aggregate of 35,278 PRSUs, 50% of which will be released in April 2027, with the remainder to be released in April 2028. Each PRSU represents a contingent right to receive one share of the Issuer's common stock upon settlement.