EVERSPIN (MRAM) Director Douglas M. Mitchell Receives Award

What Happened Douglas M. Mitchell, a director of Everspin Technologies, received an award of 3,852 restricted stock units (RSUs) on May 21, 2026. The Form 4 shows an acquisition-type transaction (code A) for 3,852 shares at an acquisition price of $0.00 (no cash paid at grant). This is a compensation grant, not an open-market purchase or sale.

Key Details

• Transaction date: May 21, 2026; Form 4 filed May 22, 2026 (timely filing).
• Transaction type/code: Award/Grant (A) — 3,852 RSUs; acquisition price reported as $0.00.
• Vesting: RSUs vest in 12 equal monthly installments over one year, vesting commencement date May 21, 2026 (per footnote F1).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• No 10b5-1 plan, tax-withholding, or late-filing flags noted in this filing.

Context RSUs are a common form of equity compensation and typically convert to actual shares as they vest; they do not represent an immediate purchase or sale. Because this was a grant, it reflects executive/board compensation rather than insider buying or selling activity that might signal a view on the company’s near-term stock price.