Form 4: Everspin Technologies CEO Sanjeev Aggarwal Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Sanjeev Aggarwal, President and CEO of Everspin Technologies, sold 1,310 shares of common stock on August 7, 2024, to cover tax obligations arising from the vesting of Restricted Stock Units.
Summary
- On August 7, 2024, Sanjeev Aggarwal, the President and CEO of Everspin Technologies, sold 1,310 shares of the company's common stock.
- The shares were sold at a price of $5.4 per share.
- The sale was executed to cover tax obligations related to the vesting of Restricted Stock Units.
- Following the transaction, Aggarwal directly owns 457,738 shares of Everspin Technologies.
- The transaction was reported on Form 4, filed with the SEC on August 8, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an executive's stock sale for tax purposes, indicating a neutral sentiment.
Industry Context
Sales of shares to cover tax obligations are a routine part of executive compensation and are not necessarily indicative of the company's performance or future prospects.
Key Dates
| Date | Description |
|---|---|
| July 23, 2024 | Date of execution of Power of Attorney. |
| August 7, 2024 | Date of stock sale transaction. |
| August 8, 2024 | Date of Form 4 filing. |
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