Aggarwal Sanjeev 4
Research Summary
AI-generated summary
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.