Truong Kristina 4
4 · Enovix Corp · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Enovix (ENVX) CAO Kristina Truong Gifts 6,000 Shares, Withholds 970
What Happened
Kristina Truong, Chief Accounting Officer of Enovix Corp (ENVX), disposed of a total of 6,970 shares in mid‑March 2026. On March 13, 2026 she had 970 shares withheld at $4.94 per share to satisfy tax withholding obligations related to RSU vesting (value withheld = $4,792). On March 16, 2026 she transferred (gifted) 6,000 shares (3,000 shares to each of her two children); those transfers were bona fide gifts and had no purchase/sale proceeds.
Key Details
- Transactions and codes: 2026-03-13 — 970 shares withheld for taxes (code F) at $4.94/share (total $4,792); 2026-03-16 — 6,000 shares gifted (code G) reported at $0.00.
- Footnotes: F1 confirms the 970‑share withholding satisfied tax obligations from RSU vesting; F3 confirms gifts were 3,000 shares to each of her two children; F2 describes remaining RSU/PRSU holdings and scheduled releases.
- Holdings after transaction: the filing references outstanding RSUs/PRSUs (e.g., 134,843 shares issuable upon RSU vesting plus additional PRSUs with staged release dates — see F2 for details). The Form 4 does not reflect a cash sale or open‑market disposition beyond the tax withholding and gifts.
- Filing timeliness: Report filed 2026-03-17; transactions occurred 2026-03-13 and 2026-03-16. The Form 4 was filed within the required reporting window.
Context
- The 970‑share action was a tax withholding associated with RSU settlement (routine, not a market sale). Such withholdings are administrative and common when equity awards vest.
- The 6,000‑share transfers were gifts to family members and do not directly indicate the reporting person’s view of the company’s stock.
- Footnote F2 outlines contingent PRSU awards with staged releases in 2027–2028; these are not immediate open‑market transactions.
Insider Transaction Report
Form 4
Enovix CorpENVX
Truong Kristina
Chief Accounting Officer
Transactions
- Tax Payment
Common Stock
[F1][F2]2026-03-13$4.94/sh−970$4,792→ 224,356 total - Gift
Common Stock
[F3][F2]2026-03-16−6,000→ 218,356 total
Footnotes (3)
- [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 134,843 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.
- [F3]On March 16, 2026, the Reporting Person transferred 3,000 shares of the Issuer's common stock as a bona fide gift to each of her two children. There was no purchase or sale of shares of common stock in connection with the transfer.
Signature
/s/ Arthi Chakravarthy, Attorney-in-Fact for Kristina Truong|2026-03-17