FINCH LAWRENCE G 4
4 · EVERSPIN TECHNOLOGIES INC. · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
Everspin (MRAM) Director Lawrence G. Finch Sells Shares
What Happened
Lawrence G. Finch, a director of Everspin Technologies (MRAM), reported sales of a total 310,091 shares in May 2026, generating proceeds of approximately $8,517,727. The transactions were reported on a Form 4 filed 2026-06-02 and were executed as open-market or private sales; the shares are held by the Lawrence G. and Janice C. Finch Revocable Trust (Mr. Finch is trustee). Sales are dispositions (not purchases) and thus are not a bullish insider purchase signal.
Key Details
- Transaction dates and amounts:
- 2026-05-11: sold 41,961 shares @ $34.29 = $1,438,843
- 2026-05-29: sold 267,730 shares (reported weighted avg price $26.40; prices ranged $26.03–$27.02) = $7,068,072 (see footnote)
- 2026-05-29: sold 400 shares @ $27.03 = $10,812
- Total sold: 310,091 shares for ~$8.52 million in proceeds.
- Shares owned after the transactions: not specified in the provided filing details.
- Footnotes of note:
- F1: Shares are held by the Lawrence G. and Janice C. Finch Revocable Trust; Mr. Finch is trustee.
- F2: The $26.40 figure is a weighted average for multiple sales on 5/29; prices ranged $26.03–$27.02 and a breakdown can be provided on request.
- Timeliness: The Form 4 was filed on 2026-06-02 for transactions on 5/11 and 5/29, which is beyond the usual two-business-day filing window — the filing appears late.
Context
These were sales of trust-held shares executed in the open market (or private sale as reported). Sales from a trust can be for many reasons (estate, diversification, cash needs) and do not necessarily reflect the insider’s private view of the company. The filing’s late submission is an administrative matter investors may note; it does not by itself indicate substantive company developments.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-05-11$34.29/sh−41,961$1,438,843→ 0 total(indirect: See Footnote) - Sale
Common Stock
[F2]2026-05-29$26.40/sh−267,730$7,068,072→ 172,795 total - Sale
Common Stock
2026-05-29$27.03/sh−400$10,812→ 172,395 total
Footnotes (2)
- [F1]The shares are held by the Lawrence G. and Janice C. Finch Revocable Trust, of which the reporting person is trustee.
- [F2]The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $26.03 to $27.02 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.