Aggarwal Sanjeev 4

What Happened

• Sanjeev Aggarwal, President & CEO and Director of Everspin Technologies (MRAM), was granted 310,825 restricted stock units (RSUs) on 2026-03-31 (recorded as an acquisition at $0.00) and on 2026-04-01 sold 19,440 shares in an open-market transaction at $9.20 each, generating $178,848. The sale was reported as solely to pay taxes due upon the vesting of RSUs.

Key Details

• Grant: 310,825 RSUs on 2026-03-31 (acquisition reported at $0.00). (Footnote F1: RSUs vest in 16 equal quarterly installments over 4 years; vesting commencement date 2026-01-01.)
• Sale: 19,440 shares sold on 2026-04-01 at $9.20/share for proceeds of $178,848. (Footnote F2: shares sold solely to pay taxes upon RSU vesting.)
• Filing: Form 4 filed 2026-04-02; the filing appears timely relative to the reported transactions.
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context

• This transaction combines an equity award (RSUs) and a routine sale to satisfy tax-withholding obligations tied to RSU vesting. Such sell-to-cover transactions are common and generally reflect tax obligations rather than a discretionary market-timing sale.
• The RSU grant vests over four years in quarterly installments; the sold shares match the approximate size of a single quarterly vesting installment.