Form 4: Everspin CFO Reports RSU Grant and Tax-Related Sale

Everspin Technologies CFO William Cooper received 80,386 restricted stock units and sold 1,549 shares to cover tax obligations.

Summary

• CFO William Cooper was granted 80,386 restricted stock units (RSUs) on March 31, 2026.
• The RSUs vest in sixteen equal quarterly installments over a four-year period, beginning January 1, 2026.
• On April 1, 2026, the CFO sold 1,549 shares of common stock at a price of $9.20 per share.
• The sale was executed solely to satisfy tax withholding obligations related to the vesting of RSUs.
• Following these transactions, the CFO holds a total of 172,030 shares of Everspin Technologies common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing, as the transactions are routine and related to standard executive compensation.

Positives

• The RSU grant aligns the interests of the CFO with long-term shareholder value through a four-year vesting schedule.
• The share sale was a routine transaction specifically for tax compliance rather than a discretionary divestment.

Negatives

• None identified; the transactions are standard administrative actions for executive compensation.

Risks

• None identified; this is a standard Form 4 disclosure regarding executive equity compensation.

Future Outlook

The RSU grant indicates a long-term retention strategy for the CFO, with vesting scheduled over the next four years.

Management Comments

• The transactions were executed in accordance with standard equity compensation and tax withholding procedures.

Industry Context

StockSavvy.ai notes that routine Form 4 filings regarding tax-related sales are standard practice in the semiconductor and technology sectors, reflecting normal executive compensation cycles rather than shifts in corporate strategy.

Comparison to Industry Standards

• The use of RSU grants with multi-year vesting is consistent with standard executive compensation practices in the technology industry.
• Selling shares to cover tax withholding upon vesting is a standard and expected practice for corporate officers.

Stakeholder Impact

• Minimal impact on shareholders as the transactions are routine and do not signal a change in executive confidence.

Next Steps

• Future quarterly vesting of the remaining RSU balance.

Key Dates

Keywords

Everspin Technologies, MRAM, Form 4, Insider Trading, Executive Compensation, CFO