[Form 4] Everspin Technologies, Inc Insider Trading Activity

Rhea-AI Filing Summary

Netflix (NFLX) has submitted a Form 144 signaling that CFO Spencer Neumann plans to sell 685 common shares via Morgan Stanley Smith Barney on or about 6 Aug 2025. At the filing’s referenced market price, the sale is valued at roughly $0.80 million. This prospective disposal equals just 0.0002 % of Netflix’s 424.9 million shares outstanding, indicating a minimal dilution impact.

The notice also discloses three prior monthly sales by Neumann: 2,601 shares on 6 Jun, 1 Jul and 1 Aug 2025, yielding a total of $9.6 million in gross proceeds. As required, the filer certifies no knowledge of undisclosed material adverse information and references potential execution under a Rule 10b5-1 plan. The document provides no operational or earnings data; its sole purpose is to inform the market of insider trading intentions and historical activity.

Positive

• Transparent disclosure of insider trading plans, allowing investors to monitor executive activity.
• Sale volume is immaterial relative to the 425 million-share float, limiting dilution or price impact concerns.

Negative

• Continued insider selling by the CFO over consecutive months can foster negative sentiment about management’s outlook.

Insights

Equity Research Analyst

TL;DR: CFO plans small share sale (685 sh); continuing pattern of monthly disposals, immaterial to float but may raise sentiment questions.

The filing is not financially material—the planned sale represents a de-minimis fraction of outstanding shares. Nevertheless, it extends a recent trend of insider sales by the same executive totaling roughly 8,488 shares over three months. While executives routinely diversify, serial sales can create a marginally negative sentiment signal for investors monitoring insider behavior. No new company fundamentals were released, so the impact on valuation models is negligible. Overall, the disclosure is mainly a compliance event, but we note ongoing insider selling in our qualitative risk framework.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Dougherty Sean Michael

(Last) (First) (Middle)

C/O EVERSPIN TECHNOLOGIES, INC.

5670 W. CHANDLER BOULEVARD, SUITE 130

(Street)

CHANDLER AZ 85226

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
EVERSPIN TECHNOLOGIES INC. [ MRAM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Vice President, Sales

3. Date of Earliest Transaction (Month/Day/Year)
08/05/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/05/2025		A		80,000(1)	A	$0	80,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents restricted stock units granted on August 5, 2025, which vest in four equal annual installments over four years with a vesting commencement date of October 1, 2025.

	/s/ Cesare Suardi, Attorney-in-Fact for Sean Dougherty	08/06/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Netflix (NFLX) shares does the CFO intend to sell in this Form 144?

The Form 144 covers a planned sale of 685 common shares.

What is the approximate market value of the shares noted in the filing?

Based on the filing’s price reference, the shares are worth about $0.80 million.

When is the planned sale date for the 685 shares?

The approximate sale date disclosed is 6 August 2025.

How many Netflix shares has the CFO sold in the past three months?

He previously sold 7,803 shares (2,601 each in June, July, and August 2025) for roughly $9.6 million.

Does this filing contain any new financial or operational guidance for Netflix?

No. The Form 144 strictly reports the insider’s intended share sale and past transactions; no business metrics are included.