Aggarwal Sanjeev 4

What Happened

San­jeev Aggarwal, President & CEO and a director of Everspin Technologies (MRAM), exercised stock options (transaction code M) on 2026-05-20 and acquired a total of 51,024 shares by paying $316,279. The exercise occurred in two tranches: 11,578 shares at $8.17 each ($94,592) and 39,446 shares at $5.62 each ($221,687). The filing also reports the corresponding derivative items (the options) as disposed at $0, which reflects the cancellation/conversion of those option awards upon exercise.

Key Details

• Transaction date: 2026-05-20 (Form 4 filed 2026-05-21 — timely)
• Shares acquired: 51,024 total (11,578 @ $8.17; 39,446 @ $5.62)
• Cash paid for shares: $316,279 total
• Derivative items: same option awards reported as disposed at $0 (conversion/cancellation)
• Footnote: F1 — options were fully vested
• Shares owned after transaction: not specified in this filing

Context

This was an option exercise (code M), not an open-market purchase or sale. Because the filing shows cash paid, this was a standard exercise rather than a cashless sell-to-cover. Purchases/exercises can be viewed as an insider adding to holdings, but filings don’t state the insider’s motivation.