Form 4: Everspin Technologies CEO Sanjeev Aggarwal Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Everspin Technologies' CEO, Sanjeev Aggarwal, sold 17,523 shares of common stock on October 2, 2024, to cover tax obligations arising from the vesting of restricted stock units.
Summary
- On October 2, 2024, Sanjeev Aggarwal, the President and CEO of Everspin Technologies, sold 17,523 shares of the company's common stock.
- The sale was executed at a price of $5.54 per share.
- The transaction was conducted to cover tax obligations related to the vesting of restricted stock units.
- Following the transaction, Aggarwal directly owns 440,215 shares of Everspin Technologies' common stock.
Sentiment
Score: 5
Explanation: The document describes a routine stock sale to cover tax obligations, which is neither particularly positive nor negative.
Industry Context
This is a routine transaction for executives who receive stock-based compensation. Selling shares to cover tax obligations is a common practice.
Stakeholder Impact
- The sale may have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect on shareholders.
- The transaction does not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 10/02/2024 | Date of stock sale transaction. |
| 10/03/2024 | Date of signature on the Form 4 filing. |
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