Everspin Technologies (MRAM) awards VP 8,610 restricted stock units
Rhea-AI Filing Summary
Dougherty Sean Michael reported acquisition or exercise transactions in this Form 4 filing.
EVERSPIN TECHNOLOGIES INC. granted Vice President, Sales Sean Michael Dougherty 8,610 restricted stock units of common stock on August 4, 2026. The award vests in three equal quarterly installments beginning October 1, 2026, after which he is reported to hold 107,719 common shares/units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 8,610 shares
Net Buy
1 txn
Insider
Dougherty Sean Michael
Role
Vice President, Sales
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 8,610 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 107,719 shares (Direct)
Footnotes (1)
- F1. Represents restricted stock units granted on August 4, 2026, which vest in three equal quarterly installments with a vesting commencement date of October 1, 2026.
Key Figures
Restricted stock units granted: 8,610 shares
Vesting schedule: 3 equal quarterly installments
Vesting commencement date: October 1, 2026
+2 more
5 metrics
Restricted stock units granted
8,610 shares
RSUs of common stock granted on August 4, 2026
Vesting schedule
3 equal quarterly installments
RSUs vest in three equal quarterly installments beginning October 1, 2026
Vesting commencement date
October 1, 2026
Start date for vesting of the RSU award
Holdings after transaction
107,719 shares
Common shares/units directly held after the RSU grant
Grant price per unit
$0.0000 per share
Stated per-share value for the restricted stock unit grant
Key Terms
restricted stock units, vesting commencement date, quarterly installments
3 terms
restricted stock units financial
"Represents restricted stock units granted on August 4, 2026"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vesting commencement date financial
"with a vesting commencement date of October 1, 2026"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
quarterly installments financial
"which vest in three equal quarterly installments"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What stock award did MRAM insider Sean Michael Dougherty receive?
Sean Michael Dougherty received 8,610 restricted stock units of Everspin common stock as an equity grant on August 4, 2026. These units are awarded at $0.0000 per share and will convert into shares as they vest over time for the executive.
How do the newly granted MRAM restricted stock units vest?
The 8,610 restricted stock units vest in three equal quarterly installments. Vesting begins on the October 1, 2026 commencement date, so one‑third of the units vest each quarter until the full award is vested, assuming the required continued service.
After this grant, what is Sean Michael Dougherty’s MRAM equity stake?
Following the grant, Sean Michael Dougherty is reported as holding 107,719 shares or units of Everspin common stock directly. This total reflects his updated position after the August 4, 2026 restricted stock unit award recorded in the Form 4 filing.
Was the MRAM restricted stock unit grant to Dougherty a market purchase?
No. The 8,610 restricted stock units were granted at a stated price of $0.0000 per share, indicating an equity award rather than an open‑market purchase. The units represent a form of stock‑based compensation that will settle in shares as vesting occurs.
What is Sean Michael Dougherty’s role at MRAM?
Sean Michael Dougherty serves as Vice President, Sales at Everspin Technologies. The reported equity grant of 8,610 restricted stock units aligns with his executive position and is disclosed as a non‑derivative acquisition of common stock units in the Form 4 filing.