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 253 shares of common stock on March 13, 2024, to cover taxes due upon the vesting of Restricted Stock Units.
Summary
- David Schrenk, VP of Sales & Business Development at Everspin Technologies, sold 253 shares of common stock on March 13, 2024.
- The shares were sold at a price of $8.16 per share.
- The sale was executed to cover taxes due upon the vesting of Restricted Stock Units.
- Following the transaction, Schrenk beneficially owns 115,514 shares of Everspin Technologies common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider stock sale for tax purposes, indicating a neutral sentiment.
Industry Context
This is a routine Form 4 filing related to insider trading. It is common for company executives to sell shares to cover tax obligations related to vesting of stock options or restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of the transaction: sale of common stock. |
| 03/14/2024 | Date of signature on the Form 4 filing. |
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