Form 4: Lawrence Finch Reports Changes in Beneficial Ownership of Everspin Technologies Inc. Stock

Lawrence Finch, a director at Everspin Technologies, reports acquisition of common stock through fully vested restricted stock units.

Summary

• Lawrence Finch, a director of Everspin Technologies Inc., filed a Form 4 with the SEC.
• The filing reports changes in beneficial ownership of Everspin Technologies Inc. common stock.
• On March 7, 2024, Finch acquired 1,656 shares of common stock at $0, representing fully vested restricted stock units.
• On May 9, 2024, Finch acquired 2,221 shares of common stock at $0, representing fully vested restricted stock units.
• Following these transactions, Finch directly owns 380,180 shares of common stock.
• Finch also indirectly owns 41,961 shares through the Lawrence G and Janice C. Finch Revocable Trust, of which he is the trustee.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions.

Positives

• The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

This filing is a routine disclosure related to insider trading and is a standard practice for publicly traded companies. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider trading activities.

Key Dates