Form 4: Everspin Technologies VP of Sales Sells 20,000 Shares
SEC Form 4 Filing
David Schrenk, VP of Sales & Business Development at Everspin Technologies, sold 20,000 shares of common stock at an average price of $5.70 on May 5, 2025.
Summary
- On May 5, 2025, David Schrenk, the VP of Sales & Business Development at Everspin Technologies, sold 20,000 shares of the company's common stock.
- The sale was executed at a weighted-average price of $5.70 per share, with individual transactions ranging from $5.65 to $5.795.
- Following the transaction, Schrenk directly owns 114,119 shares of Everspin Technologies.
- The transaction was reported on a Form 4 filing with the Securities and Exchange Commission.
Sentiment
Score: 5
Explanation: Neutral. This is a standard disclosure of an insider stock sale. The size of the sale is not significant relative to the executive's holdings.
Industry Context
This is a routine disclosure of an insider transaction. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, although this is a relatively small transaction.
Key Dates
| Date | Description |
|---|---|
| 05/05/2025 | Date of the stock sale transaction. |
| 05/07/2025 | Date of the Form 4 filing. |
Keywords
Form 4, Everspin Technologies, MRAM, David Schrenk, Stock Sale, Insider Trading
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