Form 4: Everspin Technologies Interim CFO Matthew Tenorio Sells Shares to Cover Tax Obligations

Matthew Tenorio, Interim CFO of Everspin Technologies, sold 1,706 shares of common stock on October 2, 2024, to cover tax obligations arising from the vesting of Restricted Stock Units.

Summary

• On October 2, 2024, Matthew Tenorio, the Interim CFO of Everspin Technologies, sold 1,706 shares of the company's common stock.
• The shares were sold at a price of $5.54 per share.
• The sale was executed to cover tax obligations related to the vesting of Restricted Stock Units.
• Following the transaction, Tenorio directly owns 15,923 shares of Everspin Technologies.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an insider 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, such as officers and directors, trade in their company's stock. These filings provide transparency to the market regarding insider transactions.

Stakeholder Impact

• The sale of shares by an insider could be perceived negatively by some shareholders, but the explanation provided (covering tax obligations) mitigates this concern.

Key Dates