Form 4: Everspin Technologies CEO Sanjeev Aggarwal Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Everspin Technologies' CEO, Sanjeev Aggarwal, sold 17,631 shares of common stock on July 2, 2024, to cover tax obligations arising from the vesting of Restricted Stock Units.
Summary
- On July 2, 2024, Sanjeev Aggarwal, the President and CEO of Everspin Technologies Inc. (MRAM), sold 17,631 shares of common stock.
- The sale was executed at a price of $6.01 per share.
- This transaction was conducted to cover tax obligations related to the vesting of Restricted Stock Units.
- Following the transaction, Aggarwal directly owns 459,048 shares of Everspin Technologies Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (stock sale for tax purposes) and doesn't inherently indicate positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax planning. It's important to consider the size of the sale relative to the executive's total holdings and the overall trading volume of the stock.
Key Dates
| Date | Description |
|---|---|
| 07/02/2024 | Date of the stock sale transaction. |
| 07/03/2024 | Date of signature on the Form 4 filing. |
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