Aggarwal Sanjeev 4/A
Research Summary
AI-generated summary
Everspin (MRAM) CEO Sanjeev Aggarwal Sells 20,398 Shares
What Happened
- Sanjeev Aggarwal, President & CEO and a director of Everspin Technologies, sold 20,398 shares of MRAM on April 2, 2026 at $8.80 per share, generating proceeds of $179,502. The sale is reported as a disposal (code S) and was done solely to cover taxes due upon the vesting of restricted stock units (RSUs).
Key Details
- Transaction date: 2026-04-02; Price: $8.80 per share; Shares sold: 20,398; Total proceeds: $179,502.
- Filing: Amended Form 4 filed 2026-07-08 to correct the sale date, price per share, and number of shares sold.
- Footnote: F1 — shares were sold solely to pay taxes due upon RSU vesting (tax withholding).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Timeliness: this is an amended filing; check the SEC filing history for the original submission and any timeliness notes.
Context
- Tax-withholding sales on RSU vesting are routine and don’t necessarily signal a change in the insider’s view of the company. This transaction is a sale for tax purposes rather than a market-driven divestiture.