Form 4: Everspin VP Sean Dougherty Receives RSU Grant

Everspin Technologies Vice President of Sales Sean Dougherty was granted 18,006 restricted stock units on March 31, 2026.

Summary

• Sean Michael Dougherty, Vice President of Sales at Everspin Technologies, Inc. (MRAM), acquired 18,006 restricted stock units (RSUs).
• The transaction occurred on March 31, 2026, at a price of $0 per share.
• Following this grant, the reporting person's total beneficial ownership of common stock increased to 98,006 shares.
• The RSUs are subject to a vesting schedule of sixteen equal quarterly installments over four years, beginning April 1, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding executive compensation, which is neutral in terms of immediate market impact.

Positives

• The grant of equity aligns the interests of the Vice President of Sales with long-term shareholder value.
• The four-year vesting schedule encourages long-term retention of key management personnel.

Negatives

• The issuance of restricted stock units results in potential future dilution for existing shareholders.

Risks

• Future dilution of equity as these restricted stock units vest and are converted into common stock.

Future Outlook

The RSUs will vest in sixteen equal quarterly installments over four years, starting April 1, 2026, contingent upon continued employment.

Industry Context

StockSavvy.ai notes that equity-based compensation for sales leadership is standard practice in the semiconductor and technology sectors to incentivize revenue growth and long-term commitment.

Comparison to Industry Standards

• The use of multi-year vesting schedules for executive equity grants is consistent with standard corporate governance practices in the U.S. technology sector.
• The grant size is typical for a Vice President-level role within a company of Everspin's market capitalization.

Stakeholder Impact

• Shareholders may experience minor dilution as these units vest over the next four years.

Next Steps

• Vesting of the first installment of the RSU grant scheduled for the quarter following April 1, 2026.

Key Dates

Keywords

Everspin Technologies, MRAM, Form 4, Insider Transaction, Equity Compensation, Restricted Stock Units