Form 4: Everspin Technologies VP Sells Shares to Cover Tax Obligations

David Schrenk, VP of Sales & Business Development at Everspin Technologies, sold 222 shares of common stock to cover taxes due upon the vesting of Restricted Stock Units.

Summary

• On March 26, 2024, David Schrenk, VP of Sales & Business Development at Everspin Technologies, sold 222 shares of common stock.
• The shares were sold at a price of $8.02 per share.
• The sale was executed to cover tax obligations related to the vesting of Restricted Stock Units.
• Following the transaction, Schrenk directly owns 112,526 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 related to a stock sale for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of the US stock market and are required by the SEC to provide transparency into the transactions of company insiders.

Stakeholder Impact

• The sale of shares by an insider could have a minor impact on shareholder sentiment, but is unlikely to be significant given the small number of shares involved.

Key Dates