EVERSPIN CEO exercises options and sells shares
EVERSPIN TECHNOLOGIES INC.
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Form Type
4
Rhea-AI Filing Summary
EVERSPIN TECHNOLOGIES INC. President and CEO Sanjeev Aggarwal reported an exercise-and-sell sequence in common stock. He exercised employee stock options to acquire 110,976 shares of common stock at exercise prices of $8.17 and $5.62 per share, then sold the same number of shares in multiple open-market transactions.
The sales on May 15 and May 18 totaled 110,976 shares at weighted average prices including $40.00, and ranges from $32.00–$32.99 and $33.00–$33.38 per share. After these transactions, Aggarwal directly holds 819,422 shares of EVERSPIN common stock.
Insider Trade Summary
Exercise and Sale: 110,976 shares ($2.80M approx. pre-tax spread)
Exercise and Sale
9 txns
Insider
Aggarwal Sanjeev
Role
President and CEO
Sold
110,976 shs ($3.68M)
Approx. gross sale proceeds
$3.68M
Approx. exercise cost
$880K
Approx. pre-tax spread
$2.80M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 1,770 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (Right to Buy) | 100,422 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,770 | $5.62 | $10K |
| Exercise | Common Stock | 100,422 | $8.17 | $820K |
| Sale | Common Stock | 83,048 | $32.48 | $2.70M |
| Sale | Common Stock | 19,144 | $33.21 | $636K |
| Exercise | Employee Stock Option (Right to Buy) | 8,784 | $0.00 | $0.00 |
| Exercise | Common Stock | 8,784 | $5.62 | $49K |
| Sale | Common Stock | 8,784 | $40.00 | $351K |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 51,024 contracts (Direct);
Common Stock — 819,422 shares (Direct)
Footnotes (3)
- F1. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $32.00 to $32.99 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.
- F2. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $33.00 to $33.38 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.
- F3. Fully vested.
Key Figures
Shares sold: 110,976 shares
Shares acquired via options: 110,976 shares
Post-transaction holdings: 819,422 shares
+5 more
8 metrics
Shares sold
110,976 shares
Total open-market sales in Form 4
Shares acquired via options
110,976 shares
Total shares from option exercises
Post-transaction holdings
819,422 shares
Common stock held directly after transactions
Sale price example
$40.00 per share
Common stock sale on May 15
Sale price range 1
$32.00–$32.99 per share
Weighted-average range for one sale group
Sale price range 2
$33.00–$33.38 per share
Weighted-average range for another sale group
Option exercise price 1
$8.17 per share
Employee stock option exercise price
Option exercise price 2
$5.62 per share
Employee stock option exercise price
Key Terms
open-market sale, Employee Stock Option (Right to Buy), derivative security, weighted average sale price
4 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Employee Stock Option (Right to Buy) financial
"security_title": "Employee Stock Option (Right to Buy)""
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
weighted average sale price financial
"The reported price in Column 4 is a weighted average sale price."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did EVERSPIN (MRAM) CEO Sanjeev Aggarwal report in this Form 4?
EVERSPIN CEO Sanjeev Aggarwal reported exercising stock options and selling common shares. He exercised options for 110,976 shares, then sold the same number through open-market transactions, while continuing to hold a substantial direct stake in EVERSPIN common stock after the trades.
Were the EVERSPIN (MRAM) CEO’s sales single trades or multiple transactions?
The reported sales were executed as multiple transactions at different prices. Footnotes state the disclosed prices are weighted averages, with individual trades occurring within ranges of $32.00–$32.99 and $33.00–$33.38 per share, indicating a series of smaller fills rather than single block trades.
What types of securities were involved in the EVERSPIN (MRAM) CEO’s Form 4?
The filing covers common stock and employee stock options. Aggarwal exercised Employee Stock Option (Right to Buy) positions into common shares, then sold common stock in open-market transactions, combining derivative exercises with subsequent dispositions of the underlying equity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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