Billerbeck Darin G 4

What Happened

• Darin G. Billerbeck, a director of Everspin Technologies (MRAM), exercised options and sold shares on May 11, 2026. He exercised 30,000 shares at $8.52 per share (cost $255,600) and sold 30,000 shares in the open market at a weighted-average price of $37.16, generating about $1,114,800 in proceeds. The filing also reports a separate derivative disposition of 30,000 shares at $0.00 (no cash proceeds), reported as a derivative transaction.

Key Details

• Dates: All transactions reported on 2026-05-11 (Form filed 2026-05-13).
• Exercise (code M): 30,000 shares acquired at $8.52 each — total cost $255,600.
• Sale (code S): 30,000 shares sold, weighted-average price $37.16 — proceeds ~$1,114,800. (Sales ranged $36.80–$37.40 per share — see footnote F1.)
• Derivative disposition (code M): 30,000 shares reported disposed at $0.00 (no cash proceeds).
• Vesting/status: Report notes “Fully vested” (F2).
• Post-transaction holdings: Not provided in the excerpt.
• Timeliness: Filing date is May 13, 2026 for transactions on May 11, 2026; no late-filing indicator shown in the provided data.

Context

• This pattern—exercising options and selling some shares the same day—is commonly a cashless or near-cashless exercise and sell-down of option shares. The zero-dollar derivative disposition may reflect a net-share settlement or share surrender (e.g., to cover exercise costs or tax withholding), as is typical in option exercises, but the filing itself only labels it as a derivative disposition. These entries are routine insider exercises/sales and are factual records of transactions, not explanations of intent.