Form 4: Everspin Technologies VP Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
David Schrenk, VP of Sales & Business Development at Everspin Technologies, sold 2,412 shares of common stock on September 18, 2024, to cover tax obligations arising from vesting Restricted Stock Units.
Summary
- On September 18, 2024, David Schrenk, VP of Sales & Business Development at Everspin Technologies, sold 2,412 shares of common stock.
- The shares were sold at a price of $5.23 per share.
- The sale was executed to cover tax obligations due upon the vesting of Restricted Stock Units.
- Following the transaction, Schrenk directly owns 103,909 shares of Everspin Technologies Inc.
- The transaction was reported on a Form 4 filing with the SEC.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the financial markets, providing transparency into the transactions of company insiders. This particular filing indicates a sale of shares to cover tax obligations, which is a common practice.
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 |
|---|---|
| 09/18/2024 | Date of stock sale transaction. |
| 09/20/2024 | Date of signature on the Form 4 filing. |
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