Form 4: Everspin Technologies CFO Anuj Aggarwal Sells Shares to Cover Tax Obligations

Anuj Aggarwal, CFO of Everspin Technologies, sold 12,852 shares of common stock on April 2, 2024, to cover tax obligations arising from the vesting of Restricted Stock Units.

Summary

• On April 2, 2024, Anuj Aggarwal, the Chief Financial Officer of Everspin Technologies, sold 12,852 shares of the company's common stock.
• The sale was executed at a price of $7.84 per share.
• The transaction was conducted to cover tax obligations related to the vesting of Restricted Stock Units.
• Following the transaction, Aggarwal directly owns 289,924 shares of Everspin Technologies.
• The transaction was reported on Form 4, filed with the Securities and Exchange Commission on April 4, 2024.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (stock sale for tax purposes) by a company executive, which is neither particularly positive nor negative.

Industry Context

Sales of shares by company executives are a normal part of executive compensation and wealth management. It is important to consider the context of the sale, such as the reason for the sale and the amount of stock sold, in relation to the executive's total holdings.

Key Dates