Form 4: Everspin Technologies CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Anuj Aggarwal, CFO of Everspin Technologies, sold 12,984 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, Anuj Aggarwal, the Chief Financial Officer of Everspin Technologies, sold 12,984 shares of the company's common stock.
- The shares were sold at a price of $6.01 per share.
- The transaction was executed to cover tax obligations related to the vesting of restricted stock units.
- Following the transaction, Aggarwal directly owns 276,940 shares of Everspin Technologies.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock sale for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO, trade their company's stock. These filings provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The sale of shares by a company insider could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact as it is for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 07/02/2024 | Date of stock sale transaction. |
| 07/03/2024 | Date of signature on the Form 4 filing. |
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