[Form 4] Enovix Corporation Warrant Insider Trading Activity
Thurman J. Rodgers, a director and 10% owner of Enovix Corporation, reported on Form 4 that publicly distributed warrants were exercised on 08/08/2025, resulting in the acquisition of 57,142 shares at an exercise price of $8.75 per share. The filing states the warrants were distributed by the issuer on July 21, 2025 and will expire on October 1, 2026, subject to possible acceleration under the Warrant Agreement. Rodgers reports beneficial ownership through the Rodgers Massey Revocable Living Trust and the Rodgers Family Freedom and Free Markets Charitable Trust, for which he is trustee with voting and dispositive power, bringing reported beneficial ownership to 20,858,407 shares. The filing also discloses 22,543 restricted stock units that are contingent rights to common stock.
Thurman J. Rodgers, membro del consiglio e titolare del 10% di Enovix Corporation, ha dichiarato nel Modulo 4 che warrant distribuiti pubblicamente sono stati esercitati il 08/08/2025, con l'acquisizione di 57,142 azioni al prezzo di esercizio di $8.75 per azione. Il deposito indica che i warrant sono stati distribuiti dall'emittente il 21 luglio 2025 e scadranno il 1 ottobre 2026, salvo possibile accelerazione ai sensi dell'Accordo di Warrant. Rodgers segnala la propria titolarit脿 effettiva tramite la Rodgers Massey Revocable Living Trust e la Rodgers Family Freedom and Free Markets Charitable Trust, di cui 猫 fiduciario con poteri di voto e di disposizione, portando la titolarit脿 effettiva dichiarata a 20,858,407 azioni. Il deposito segnala inoltre 22,543 unit脿 di azioni vincolate che costituiscono diritti condizionali su azioni ordinarie.
Thurman J. Rodgers, director y propietario del 10% de Enovix Corporation, inform贸 en el Formulario 4 que se ejercieron warrants distribuidos p煤blicamente el 08/08/2025, con la adquisici贸n de 57,142 acciones a un precio de ejercicio de $8.75 por acci贸n. La presentaci贸n indica que los warrants fueron distribuidos por el emisor el 21 de julio de 2025 y vencer谩n el 1 de octubre de 2026, sujeto a posible aceleraci贸n seg煤n el Acuerdo de Warrant. Rodgers informa su propiedad beneficiaria a trav茅s de la Rodgers Massey Revocable Living Trust y la Rodgers Family Freedom and Free Markets Charitable Trust, de las cuales es fideicomisario con poder de voto y de disposici贸n, elevando la propiedad beneficiaria declarada a 20,858,407 acciones. La presentaci贸n tambi茅n revela 22,543 unidades de acciones restringidas que son derechos contingentes sobre acciones ordinarias.
Thurman J. Rodgers電� Enovix Corporation鞚� 鞚挫偓鞚挫瀽 歆�攵� 10% 氤挫湢鞛愲靹� Form 4毳� 韱淀暣 瓿店皽 氚绊彫霅� 鞗岆煱韸戈皜 2025雲� 8鞗� 8鞚�鞐� 頄夓偓霅橃柎 欤茧嫻 頄夓偓 臧�瓴� $8.75搿� 57,142欤茧ゼ 旆摑頄堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. 鞝滌稖靹滊鞐� 霐半ゴ氅� 頃措嫻 鞗岆煱韸鸽姅 氚滍枆鞚胳澊 2025雲� 7鞗� 21鞚�鞐� 氚绊彫頄堨溂氅�, 鞗岆煱韸� 瓿勳暯鞐� 霐半ジ 臧�靻� 臁瓣贝鞚� 鞛堨潉 靾� 鞛堨溂氅� 毵岆鞚检潃 2026雲� 10鞗� 1鞚�鞛呺媹雼�. Rodgers電� Rodgers Massey Revocable Living Trust鞕� Rodgers Family Freedom and Free Markets Charitable Trust毳� 韱淀暣 靾橃澋鞝� 靻岇湢毳� 氤搓碃頄堨溂氅�, 頃措嫻 鞁犿儊霌れ潣 靾橅儊鞛愲靹� 鞚橁舶甓岅臣 觳橂秳甓岇潉 氤挫湢頃� 氤搓碃霅� 鞁れ唽鞙� 歆�攵勳澊 20,858,407欤茧 歆戧硠霅橃棃鞀惦媹雼�. 鞝滌稖靹滊電� 霕愴暅 氤错喌欤检棎 雽�頃� 臁瓣贝攵� 甓岆Μ鞚� 22,543臧滌潣 鞝滍暅欤检嫕雼渼(RSU)毳� 瓿店皽頄堨姷雼堧嫟.
Thurman J. Rodgers, administrateur et d茅tenteur de 10 % d'Enovix Corporation, a d茅clar茅 dans le formulaire 4 que des warrants distribu茅s publiquement ont 茅t茅 exerc茅s le 08/08/2025, entra卯nant l'acquisition de 57,142 actions au prix d'exercice de $8.75 par action. Le d茅p么t indique que les warrants ont 茅t茅 distribu茅s par l'茅metteur le 21 juillet 2025 et expireront le 1er octobre 2026, sous r茅serve d'une 茅ventuelle acc茅l茅ration en vertu de l'Accord de Warrant. Rodgers d茅clare la propri茅t茅 b茅n茅ficiaire via la Rodgers Massey Revocable Living Trust et la Rodgers Family Freedom and Free Markets Charitable Trust, dont il est le fiduciaire avec pouvoir de vote et de disposition, portant la propri茅t茅 b茅n茅ficiaire d茅clar茅e 脿 20,858,407 actions. Le d茅p么t r茅v猫le 茅galement 22,543 unit茅s d'actions restreintes constituant des droits conditionnels sur des actions ordinaires.
Thurman J. Rodgers, Direktor und 10%-Eigent眉mer von Enovix Corporation, meldete im Formular 4, dass 枚ffentlich verteilte Optionsscheine am 08.08.2025 ausge眉bt wurden, wodurch 57,142 Aktien zum Aus眉bungspreis von $8.75 je Aktie erworben wurden. Die Einreichung gibt an, dass die Optionsscheine vom Emittenten am 21. Juli 2025 ausgegeben wurden und am 1. Oktober 2026 verfallen, vorbehaltlich einer m枚glichen Beschleunigung gem盲脽 der Warrant-Vereinbarung. Rodgers gibt den wirtschaftlichen Besitz 眉ber die Rodgers Massey Revocable Living Trust und die Rodgers Family Freedom and Free Markets Charitable Trust an, bei denen er als Treuh盲nder mit Stimm- und Verf眉gungsgewalt fungiert, wodurch der gemeldete wirtschaftliche Besitz auf 20,858,407 Aktien ansteigt. Die Einreichung weist zudem 22,543 eingeschr盲nkte Aktieneinheiten aus, die bedingte Rechte auf Stammaktien darstellen.
- 57,142 shares were acquired by exercise of publicly-distributed warrants at $8.75 per share on 08/08/2025
- The filing reports 20,858,407 shares beneficially owned following the reported transactions, held through trusts for which the reporting person is trustee
- Warrant distribution and terms are disclosed (distributed 07/21/2025, exercisable, with clear expiration provisions)
- 22,543 restricted stock units are stated as contingent rights and are not yet issued
- The exercised warrants and remaining warrants expire on October 1, 2026, limiting the time window for exercise
Insights
TL;DR: Insider exercised warrants into shares; modest immediate dilution but increased reported beneficial ownership to over 20.8 million shares.
The Form 4 shows the exercise of warrants distributed on July 21, 2025 into 57,142 shares at $8.75 each on 08/08/2025. This is a cash exercise that converts derivative securities into common stock, increasing the reporting persons beneficial holdings reported as 20,858,407 shares held indirectly through trusts for which he is trustee. The warrants carry a fixed exercise price and an expiration date of October 1, 2026, which limits their time value. The filing also notes 22,543 RSUs that remain contingent. Overall, this is a routine insider conversion of warrants rather than an open-market purchase.
TL;DR: Reporting person holds voting and dispositive power via trusts; the filing clarifies indirect ownership and outstanding contingent awards.
The disclosure explicitly states the shares and warrants are held by two trusts (the Rodgers Massey Revocable Living Trust and the Rodgers Family Freedom and Free Markets Charitable Trust) and that the reporting person serves as trustee with voting and dispositive authority. The Form clarifies the nature of indirect ownership and lists contingent restricted stock units (22,543) as issuable upon settlement. The warrant terms鈥攄istribution date, $8.75 exercise price and October 1, 2026 expiration with possible acceleration鈥攁re provided, which is helpful for governance transparency. No departures, sales, or governance changes are reported.
Thurman J. Rodgers, membro del consiglio e titolare del 10% di Enovix Corporation, ha dichiarato nel Modulo 4 che warrant distribuiti pubblicamente sono stati esercitati il 08/08/2025, con l'acquisizione di 57,142 azioni al prezzo di esercizio di $8.75 per azione. Il deposito indica che i warrant sono stati distribuiti dall'emittente il 21 luglio 2025 e scadranno il 1 ottobre 2026, salvo possibile accelerazione ai sensi dell'Accordo di Warrant. Rodgers segnala la propria titolarit脿 effettiva tramite la Rodgers Massey Revocable Living Trust e la Rodgers Family Freedom and Free Markets Charitable Trust, di cui 猫 fiduciario con poteri di voto e di disposizione, portando la titolarit脿 effettiva dichiarata a 20,858,407 azioni. Il deposito segnala inoltre 22,543 unit脿 di azioni vincolate che costituiscono diritti condizionali su azioni ordinarie.
Thurman J. Rodgers, director y propietario del 10% de Enovix Corporation, inform贸 en el Formulario 4 que se ejercieron warrants distribuidos p煤blicamente el 08/08/2025, con la adquisici贸n de 57,142 acciones a un precio de ejercicio de $8.75 por acci贸n. La presentaci贸n indica que los warrants fueron distribuidos por el emisor el 21 de julio de 2025 y vencer谩n el 1 de octubre de 2026, sujeto a posible aceleraci贸n seg煤n el Acuerdo de Warrant. Rodgers informa su propiedad beneficiaria a trav茅s de la Rodgers Massey Revocable Living Trust y la Rodgers Family Freedom and Free Markets Charitable Trust, de las cuales es fideicomisario con poder de voto y de disposici贸n, elevando la propiedad beneficiaria declarada a 20,858,407 acciones. La presentaci贸n tambi茅n revela 22,543 unidades de acciones restringidas que son derechos contingentes sobre acciones ordinarias.
Thurman J. Rodgers電� Enovix Corporation鞚� 鞚挫偓鞚挫瀽 歆�攵� 10% 氤挫湢鞛愲靹� Form 4毳� 韱淀暣 瓿店皽 氚绊彫霅� 鞗岆煱韸戈皜 2025雲� 8鞗� 8鞚�鞐� 頄夓偓霅橃柎 欤茧嫻 頄夓偓 臧�瓴� $8.75搿� 57,142欤茧ゼ 旆摑頄堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. 鞝滌稖靹滊鞐� 霐半ゴ氅� 頃措嫻 鞗岆煱韸鸽姅 氚滍枆鞚胳澊 2025雲� 7鞗� 21鞚�鞐� 氚绊彫頄堨溂氅�, 鞗岆煱韸� 瓿勳暯鞐� 霐半ジ 臧�靻� 臁瓣贝鞚� 鞛堨潉 靾� 鞛堨溂氅� 毵岆鞚检潃 2026雲� 10鞗� 1鞚�鞛呺媹雼�. Rodgers電� Rodgers Massey Revocable Living Trust鞕� Rodgers Family Freedom and Free Markets Charitable Trust毳� 韱淀暣 靾橃澋鞝� 靻岇湢毳� 氤搓碃頄堨溂氅�, 頃措嫻 鞁犿儊霌れ潣 靾橅儊鞛愲靹� 鞚橁舶甓岅臣 觳橂秳甓岇潉 氤挫湢頃� 氤搓碃霅� 鞁れ唽鞙� 歆�攵勳澊 20,858,407欤茧 歆戧硠霅橃棃鞀惦媹雼�. 鞝滌稖靹滊電� 霕愴暅 氤错喌欤检棎 雽�頃� 臁瓣贝攵� 甓岆Μ鞚� 22,543臧滌潣 鞝滍暅欤检嫕雼渼(RSU)毳� 瓿店皽頄堨姷雼堧嫟.
Thurman J. Rodgers, administrateur et d茅tenteur de 10 % d'Enovix Corporation, a d茅clar茅 dans le formulaire 4 que des warrants distribu茅s publiquement ont 茅t茅 exerc茅s le 08/08/2025, entra卯nant l'acquisition de 57,142 actions au prix d'exercice de $8.75 par action. Le d茅p么t indique que les warrants ont 茅t茅 distribu茅s par l'茅metteur le 21 juillet 2025 et expireront le 1er octobre 2026, sous r茅serve d'une 茅ventuelle acc茅l茅ration en vertu de l'Accord de Warrant. Rodgers d茅clare la propri茅t茅 b茅n茅ficiaire via la Rodgers Massey Revocable Living Trust et la Rodgers Family Freedom and Free Markets Charitable Trust, dont il est le fiduciaire avec pouvoir de vote et de disposition, portant la propri茅t茅 b茅n茅ficiaire d茅clar茅e 脿 20,858,407 actions. Le d茅p么t r茅v猫le 茅galement 22,543 unit茅s d'actions restreintes constituant des droits conditionnels sur des actions ordinaires.
Thurman J. Rodgers, Direktor und 10%-Eigent眉mer von Enovix Corporation, meldete im Formular 4, dass 枚ffentlich verteilte Optionsscheine am 08.08.2025 ausge眉bt wurden, wodurch 57,142 Aktien zum Aus眉bungspreis von $8.75 je Aktie erworben wurden. Die Einreichung gibt an, dass die Optionsscheine vom Emittenten am 21. Juli 2025 ausgegeben wurden und am 1. Oktober 2026 verfallen, vorbehaltlich einer m枚glichen Beschleunigung gem盲脽 der Warrant-Vereinbarung. Rodgers gibt den wirtschaftlichen Besitz 眉ber die Rodgers Massey Revocable Living Trust und die Rodgers Family Freedom and Free Markets Charitable Trust an, bei denen er als Treuh盲nder mit Stimm- und Verf眉gungsgewalt fungiert, wodurch der gemeldete wirtschaftliche Besitz auf 20,858,407 Aktien ansteigt. Die Einreichung weist zudem 22,543 eingeschr盲nkte Aktieneinheiten aus, die bedingte Rechte auf Stammaktien darstellen.
FAQ
What did Thurman J. Rodgers report on Form 4 for Enovix (ENVX/ENVXW)?
How many shares were acquired and at what price?
What is the reporting persons beneficial ownership after the transaction?
Are there any unissued or contingent awards disclosed?
When do the warrants mentioned in the filing expire?
