On January 24, 2023, the Compensation Committee of the Board of Directors of Enovix Corporation appointed Gregory Reichow, an existing member of the Compensation Committee, as the chairperson of the Compensation Committee. Additionally, on January 25, 2023, the Audit Committee (the “Audit Committee ”) of the Board appointed Mr. Reichow as a member of the Audit Committee. In connection with his appointment to the Audit Committee, and in accordance with the Non-Employee Director Compensation Policy, Mr. Reichow will receive an annual cash retainer of $7,500, paid quarterly in arrears.