Form 4: Everspin Technologies VP David Schrenk Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
David Schrenk, VP of Sales & Business Development at Everspin Technologies, sold 2,396 shares of common stock on August 28, 2024, to cover tax obligations arising from the vesting of Restricted Stock Units.
Summary
- On August 28, 2024, David Schrenk, VP of Sales & Business Development at Everspin Technologies, sold 2,396 shares of the company's common stock.
- The shares were sold at a price of $5.60 per share.
- The sale was executed to cover tax obligations related to the vesting of Restricted Stock Units.
- Following the transaction, Schrenk beneficially owns 106,321 shares of Everspin Technologies stock.
Sentiment
Score: 6
Explanation: The document is a standard SEC filing related to a stock sale for tax purposes. It doesn't convey strong positive or negative sentiment.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It doesn't necessarily reflect a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| July 23, 2024 | Date of Power of Attorney execution. |
| August 28, 2024 | Date of stock sale transaction. |
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