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 1,206 shares of common stock on March 15, 2024, to cover taxes due upon the vesting of Restricted Stock Units.
Summary
- On March 15, 2024, David Schrenk, VP of Sales & Business Development at Everspin Technologies, sold 1,206 shares of common stock.
- The shares were sold at a price of $7.98 per share.
- The sale was executed to cover tax obligations related to the vesting of Restricted Stock Units.
- Following the transaction, Schrenk directly owns 114,308 shares of Everspin Technologies common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. The sale of shares to cover tax obligations is a common practice and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine Form 4 filing, indicating a transaction by a company insider. Such filings are common and provide transparency into the trading activities of company executives.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of stock sale transaction. |
| 03/18/2024 | Date of signature on the Form 4 filing. |
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