Form 4: Everspin Technologies CFO Anuj Aggarwal Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Anuj Aggarwal, CFO of Everspin Technologies, sold 48 shares of common stock on March 12, 2024, to cover tax obligations arising from the vesting of Restricted Stock Units.
Summary
- On March 12, 2024, Anuj Aggarwal, the Chief Financial Officer of Everspin Technologies Inc. (MRAM), sold 48 shares of common stock.
- The sale was executed at a price of $8.33 per share.
- This transaction was conducted to cover tax obligations related to the vesting of Restricted Stock Units.
- Following the transaction, Aggarwal directly owns 302,776 shares of Everspin Technologies Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The sale of shares by a company insider can sometimes be perceived negatively by shareholders, but in this case, it is a small transaction to cover tax obligations and is unlikely to have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 03/12/2024 | Date of stock sale transaction |
| 03/14/2024 | Date of signature on the Form 4 filing |
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