Aggarwal Sanjeev 4/A
Research Summary
AI-generated summary
Everspin (MRAM) CEO Sanjeev Aggarwal Sells 36,289 Shares
What Happened
- Sanjeev Aggarwal, President, CEO and director of Everspin Technologies (MRAM), reported an open-market sale of 36,289 shares on 2026-07-06 at $19.65 per share, generating approximately $713,079 in proceeds. This was a sale (not a purchase) and was executed to satisfy tax obligations tied to vested restricted stock units (RSUs).
Key Details
- Transaction date & price: 2026-07-06 — 36,289 shares sold at $19.65 each; proceeds ~$713,079. (Transaction code S = Sale)
- Footnote: F1 — shares sold solely to pay taxes due upon the vesting of Restricted Stock Units (tax withholding).
- Filing: Amended Form 4 filed 2026-07-08 to correct the sale date, per-share price, and number of shares sold.
- Shares owned after transaction: Not specified in the provided filing.
- Timeliness: Amended filing was submitted two days after the transaction; no late-filing flag was indicated in the provided data.
Context
- Sales to cover RSU tax withholding are routine and generally do not imply a change in insider sentiment about the company. Purchases tend to be more informative about insider confidence; this filing documents a tax-related disposal rather than an investment decision.