4/A: Everspin Technologies CFO Sells Shares for Tax Payment
Insider Transaction Filing (Form 4 Amendment)
Everspin Technologies CFO William Earl Cooper has amended a prior filing to correct details regarding a sale of common stock to cover tax obligations upon RSU vesting.
Summary
- William Earl Cooper, Chief Financial Officer of Everspin Technologies Inc., has amended a previous Form 4 filing.
- The amendment corrects the transaction date, sale price, and number of shares sold.
- The sale of 1,627 shares of common stock was made to cover tax liabilities arising from the vesting of Restricted Stock Units (RSUs).
- The corrected transaction date is April 2, 2026.
- The shares were sold at a price of $8.80 per share.
- Following this transaction, Mr. Cooper beneficially owns 171,952 shares of common stock directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral, as the sale of shares by the CFO is explicitly for tax payment due to RSU vesting and not indicative of a negative outlook on the company's performance.
Negatives
- The CFO sold shares, which can sometimes be perceived negatively by the market, although in this case it was for tax purposes.
Future Outlook
No specific future outlook or guidance is provided in this filing, as it pertains to a transaction by an insider.
Management Comments
- Shares sold solely to pay taxes due upon the vesting of RSUs.
- This Form 4 is being amended to correct the date on which the shares were sold to pay taxes, the price per share for such sale, and the number of shares sold.
Industry Context
StockSavvy.ai notes that insider sales for tax purposes are common and typically do not reflect a negative view of the company's prospects, especially when clearly stated as such. However, any insider selling can attract scrutiny.
Stakeholder Impact
- Shareholders: The sale is for tax purposes and does not represent a sale of shares based on negative company outlook, thus minimal direct impact expected on share price due to this specific transaction.
Key Dates
| Date | Description |
|---|---|
| 04/02/2026 | Earliest transaction date and corrected date of stock sale for tax payment. |
| 07/08/2026 | Date of the amended Form 4 filing. |
Keywords
Everspin Technologies, MRAM, Form 4, Insider Trading, Stock Sale, RSU Vesting, Tax Payment, William Earl Cooper, Chief Financial Officer
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.