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 2,275 shares of common stock on June 18, 2024, to cover tax obligations arising from the vesting of Restricted Stock Units.
Summary
- On June 18, 2024, David Schrenk, VP of Sales & Business Development at Everspin Technologies, sold 2,275 shares of the company's common stock.
- The shares were sold at a price of $6.07 per share.
- The sale was executed to cover tax obligations related to the vesting of Restricted Stock Units.
- Following the transaction, Schrenk directly owns 108,717 shares of Everspin Technologies.
- The transaction was reported on a Form 4 filing with the SEC.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a routine stock sale for tax purposes, indicating a neutral sentiment.
Industry Context
Sales of shares to cover tax obligations are a routine part of equity compensation for company executives.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it is a small transaction related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/18/2024 | Date of the stock sale transaction. |
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