Dougherty Sean Michael 4

What Happened Sean Michael Dougherty, Vice President, Sales at Everspin Technologies (MRAM), sold 358 shares on July 1, 2026 at $22.34 per share for gross proceeds of $7,998. The Form 4 reports the sale was made to cover taxes due upon the vesting of restricted stock units (RSUs), so this sale appears to be a routine tax-withholding transaction rather than a discretionary cash-raising sale.

Key Details

• Transaction date and price: July 1, 2026 — 358 shares sold at $22.34 each.
• Total proceeds: $7,998 (gross).
• Shares owned after the transaction: Not disclosed in the provided filing extract.
• Footnotes: F1 — shares sold solely to pay taxes due upon RSU vesting; F2 — mentions 1,525 shares purchased on April 12, 2026 via the issuer’s employee stock purchase plan (ESPP).
• Filing timeliness: Report filed July 6, 2026; this appears to be after the standard 2-business-day deadline for Form 4 reporting, so the filing may be late.

Context Sales to satisfy tax withholding on vested RSUs are common and generally reflect administrative needs rather than a read on the executive’s view of the company. This was a sale (transaction code S) reported as an open-market/private sale; it does not involve option exercises or gifts.