Aggarwal Sanjeev 4
4 · EVERSPIN TECHNOLOGIES INC. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Everspin (MRAM) CEO Sanjeev Aggarwal Sells Shares After Exercising Options
What Happened
Sanjeev Aggarwal, President & CEO and a director of Everspin Technologies (MRAM), exercised stock options and sold shares in open‑market transactions in mid‑May 2026. On 2026‑05‑15 he exercised 8,784 shares at $5.62 ($49,366 cost) and sold those 8,784 shares at a weighted average $40.00 for $351,360. On 2026‑05‑18 he exercised 1,770 shares at $5.62 ($9,947) and 100,422 shares at $8.17 ($820,448) and then sold 83,048 shares at a weighted average $32.48 for $2,697,399 and 19,144 shares at a weighted average $33.21 for $635,772. Total sale proceeds reported: $3,684,531; total exercise cost: $879,761; approximate net proceeds: $2,804,770. Several derivative conversions are reported as $0 disposals (technical reporting of exercised derivatives).
Key Details
- Transaction types: M = option exercise (acquisitions), S = open‑market sales (dispositions).
- Dates & prices:
- 2026‑05‑15: exercised 8,784 @ $5.62; sold 8,784 @ weighted avg $40.00 (Filed sale range noted).
- 2026‑05‑18: exercised 1,770 @ $5.62 and 100,422 @ $8.17; sold 83,048 @ weighted avg $32.48 and 19,144 @ weighted avg $33.21.
- Total proceeds from sales: $3,684,531. Total cash paid to exercise: $879,761. Approximate net proceeds: $2,804,770.
- Shares owned after transaction: Not disclosed in the provided excerpt.
- Footnotes: F1/F2—reported sale prices are weighted averages from multiple trades (ranges $32.00–$32.99 and $33.00–$33.38 respectively); Reporting Person will provide per‑trade breakdown on request. F3—options fully vested.
- Timeliness: Form filed 2026‑05‑19 for transactions on 5/15 and 5/18; appears timely (Form 4 is generally due within two business days).
Context
These filings show an option exercise followed by immediate open‑market sales (commonly a cashless exercise pattern). The $0 disposals tied to the exercises are standard technical entries reflecting conversion of derivatives into shares. Sales by executives are common and do not by themselves indicate company performance; purchases are typically considered a stronger signal.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-05-15$5.62/sh+8,784$49,366→ 828,206 total - Sale
Common Stock
2026-05-15$40.00/sh−8,784$351,360→ 819,422 total - Exercise/Conversion
Common Stock
2026-05-18$5.62/sh+1,770$9,947→ 821,192 total - Exercise/Conversion
Common Stock
2026-05-18$8.17/sh+100,422$820,448→ 921,614 total - Sale
Common Stock
[F1]2026-05-18$32.48/sh−83,048$2,697,399→ 838,566 total - Sale
Common Stock
[F2]2026-05-18$33.21/sh−19,144$635,772→ 819,422 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
[F3]2026-05-15−8,784→ 41,216 totalExercise: $5.62Exp: 2031-08-06→ Common Stock (8,784 underlying) - Exercise/Conversion
Employee Stock Option (Right to Buy)
[F3]2026-05-18−1,770→ 39,446 totalExercise: $5.62Exp: 2031-08-06→ Common Stock (1,770 underlying) - Exercise/Conversion
Employee Stock Option (Right to Buy)
[F3]2026-05-18−100,422→ 11,578 totalExercise: $8.17Exp: 2032-03-13→ Common Stock (100,422 underlying)
Footnotes (3)
- [F1]The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $32.00 to $32.99 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F2]The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $33.00 to $33.38 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F3]Fully vested.