Form 4: Eversspin Technologies CEO Sanjeev Aggarwal Sells Shares to Cover Taxes and Under 10b5-1 Plan

Eversspin Technologies CEO Sanjeev Aggarwal sold shares of common stock on April 2nd and 3rd, 2025, to cover tax obligations and under a pre-arranged trading plan.

Summary

• Sanjeev Aggarwal, the President and CEO of Eversspin Technologies, sold shares of the company's common stock on April 2nd and 3rd, 2025.
• On April 2nd, 2025, 16,845 shares were sold at $5 per share to cover taxes due upon the vesting of Restricted Stock Units.
• On April 3rd, 2025, 12,950 shares were sold at a weighted average price of $4.77 per share, with individual prices ranging from $4.74 to $4.96.
• These transactions were executed under a Rule 10b5-1 trading plan established on December 6, 2024.
• Following these transactions, Aggarwal directly owns 625,033 shares of Eversspin Technologies common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock sales for tax purposes and under a pre-existing trading plan. There is no indication of positive or negative implications for the company.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives to sell shares to cover tax obligations or as part of pre-arranged trading plans.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares sold.

Key Dates

Keywords

Eversspin Technologies, Sanjeev Aggarwal, MRAM, stock sale, Form 4, Rule 10b5-1, CEO, insider trading