Form 4: Eversspin Technologies VP Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
David Schrenk, VP of Sales & Business Development at Eversspin Technologies, sold 1,534 shares of common stock to cover tax obligations arising from the vesting of Restricted Stock Units.
Summary
- On May 28, 2024, David Schrenk, VP of Sales & Business Development at Eversspin Technologies, sold 1,534 shares of common stock at a price of $6 per share.
- The sale was executed to cover tax obligations related to the vesting of Restricted Stock Units.
- Following the transaction, Schrenk directly owns 110,992 shares of Eversspin Technologies common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider stock sale for tax purposes, which is a neutral event.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to provide transparency into the transactions of company insiders. This allows the public to see when company executives are buying or selling shares in their own companies.
Key Dates
| Date | Description |
|---|---|
| 05/28/2024 | Date of stock sale transaction. |
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