Form 4: Eversspin Technologies VP of Sales, David Schrenk, Sells Shares to Cover Tax Obligations

David Schrenk, VP of Sales & Business Development at Eversspin Technologies, sold 2,435 shares of common stock to cover taxes due upon the vesting of Restricted Stock Units.

Summary

• On March 18, 2025, David Schrenk, VP of Sales & Business Development at Eversspin Technologies, sold 2,435 shares of common stock.
• The shares were sold at a price of $5.13 per share.
• The sale was executed to cover tax obligations arising from the vesting of Restricted Stock Units.
• Following the transaction, Schrenk directly owns 134,119 shares of Everspin Technologies.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock sale for tax purposes. It doesn't inherently indicate positive or negative sentiment regarding the company's performance.

Industry Context

Form 4 filings are a routine part of the US 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 an insider could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates

Keywords

Everspin Technologies, David Schrenk, Form 4, Stock Sale, MRAM, Insider Trading, Restricted Stock Units, Tax Obligations