Form 4: Everspin Technologies CEO Sanjeev Aggarwal Reports Stock Transactions
SEC Form 4 Filing
Sanjeev Aggarwal, President and CEO of Everspin Technologies, reports the sale and acquisition of company stock related to tax obligations and option exercises.
Summary
- On January 3, 2025, Sanjeev Aggarwal sold 28,058 shares of Everspin Technologies common stock at a price of $6.29 per share.
- The sale was executed to cover tax obligations arising from the vesting of Restricted Stock Units.
- On January 6, 2025, Aggarwal exercised employee stock options to acquire 1,875 shares at $2.23 and 938 shares at $2.56.
- Following these transactions, Aggarwal directly owns 414,970 shares of Everspin Technologies common stock.
- Aggarwal also holds employee stock options for an unspecified number of shares.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to insider stock ownership. It doesn't convey strong positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| October 28, 2024 | Date of Power of Attorney execution. |
| January 3, 2025 | Sale of 28,058 shares of common stock. |
| January 6, 2025 | Exercise of employee stock options. |
| March 23, 2030 | Expiration date of Employee Stock Option (Right to Buy) at $2.23. |
| April 06, 2030 | Expiration date of Employee Stock Option (Right to Buy) at $2.56. |
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