Form 4: Everspin Technologies VP Sells Shares to Cover Tax Obligations
SEC Form 4
David Schrenk, VP of Sales & Business Development at Everspin Technologies, sold 1,560 shares of common stock to cover taxes due upon the vesting of Restricted Stock Units.
Summary
- David Schrenk, VP of Sales & Business Development at Everspin Technologies, sold 1,560 shares of common stock on March 20, 2024.
- The shares were sold at a price of $7.88 per share.
- The sale was executed to cover tax obligations arising from the vesting of Restricted Stock Units.
- Following the transaction, Schrenk still beneficially owns 112,748 shares of Everspin Technologies.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (selling shares to cover taxes), so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of the stock market, 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 negative impact on shareholder sentiment, although it is a common practice to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Date of stock sale transaction |
| 03/21/2024 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.