Form 4: Everspin Technologies Interim CFO Matthew Tenorio Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Interim CFO of Everspin Technologies, Matthew Tenorio, sold 1,695 shares of common stock on January 3, 2025, to cover tax obligations arising from the vesting of Restricted Stock Units.
Summary
- On January 3, 2025, Matthew Tenorio, the Interim CFO of Everspin Technologies, sold 1,695 shares of the company's common stock.
- The shares were sold at a price of $6.29 per share.
- The sale was executed to cover tax obligations related to the vesting of Restricted Stock Units.
- Following the transaction, Tenorio directly owns 14,228 shares of Everspin Technologies.
- The transaction was reported on a Form 4 filing with the SEC.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations and doesn't indicate a change in the executive's outlook on the company.
Industry Context
This is a routine transaction for covering tax obligations and doesn't necessarily reflect a change in sentiment towards the company's prospects.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, although it is a common practice for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 2024-10-28 | Date of Power of Attorney execution. |
| 2025-01-03 | Date of the transaction (sale of shares). |
| 2025-01-06 | Date of signature on the Form 4 filing. |
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