Everspin Technologies (MRAM) director granted 3,852 RSUs, now holds 440,525 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EVERSPIN TECHNOLOGIES INC. director Lawrence G. Finch reported an equity compensation grant in the form of restricted stock units. On May 21, 2026 he was awarded 3,852 shares of Common Stock at a price of $0.00 per share, classified as a grant or award acquisition.
The RSUs vest in 12 equal monthly installments over one year, with vesting commencing on May 21, 2026. Following this grant, Finch directly holds 440,525 shares of Common Stock. An additional 41,961 shares are held indirectly by the Lawrence G. and Janice C. Finch Revocable Trust, of which he is trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
FINCH LAWRENCE G
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,852 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 440,525 shares (Direct, null);
Common Stock — 41,961 shares (Indirect, See Footnote)
Footnotes (1)
- Represents restricted stock units granted on May 21, 2026, which vest in 12 equal monthly installments over one year with a vesting commencing date of May 21, 2026. The shares are held by the Lawrence G. and Janice C. Finch Revocable Trust, of which the reporting person is trustee.
Key Figures
RSU grant size: 3,852 shares
Grant price per share: $0.00 per share
Direct holdings after grant: 440,525 shares
+2 more
5 metrics
RSU grant size
3,852 shares
Restricted stock units granted on May 21, 2026
Grant price per share
$0.00 per share
Equity compensation award, non-cash
Direct holdings after grant
440,525 shares
Common Stock directly owned after transactions
Indirect trust holdings
41,961 shares
Held by Lawrence G. and Janice C. Finch Revocable Trust
Vesting schedule
12 monthly installments over one year
RSUs vest starting May 21, 2026
Key Terms
restricted stock units, grant, award, or other acquisition, revocable trust, indirect ownership, +1 more
5 terms
restricted stock units financial
"Represents restricted stock units granted on May 21, 2026, which vest in 12 equal monthly installments"
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.
grant, award, or other acquisition financial
"transaction code description is Grant, award, or other acquisition for the 3,852 shares"
revocable trust financial
"The shares are held by the Lawrence G. and Janice C. Finch Revocable Trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
indirect ownership financial
"The 41,961 shares are reported with ownership type indirect and nature of ownership See Footnote"
vesting commencing date financial
"vest in 12 equal monthly installments over one year with a vesting commencing date of May 21, 2026"
FAQ
What insider transaction did EVERSPIN TECHNOLOGIES (MRAM) report for Lawrence G. Finch?
EVERSPIN TECHNOLOGIES reported that director Lawrence G. Finch received a grant of 3,852 shares of Common Stock as equity compensation. The award was recorded at $0.00 per share and classified as a grant or award acquisition rather than an open-market stock purchase or sale.
How do the new restricted stock units for MRAM’s Lawrence G. Finch vest?
The restricted stock units granted to Lawrence G. Finch on May 21, 2026 vest in 12 equal monthly installments over one year. Vesting begins on May 21, 2026, creating a monthly release schedule that ties ongoing share delivery to his continued service with EVERSPIN TECHNOLOGIES.
Was the MRAM insider transaction by Lawrence G. Finch a market buy or sell?
The MRAM insider activity was not a market buy or sell; it was a grant. The Form 4 lists transaction code “A” for 3,852 shares of Common Stock, described as a grant, award, or other acquisition, with a price per share of $0.00, indicating compensation rather than trading.
How are the indirect MRAM holdings of Lawrence G. Finch structured?
The Form 4 shows 41,961 EVERSPIN TECHNOLOGIES shares held indirectly through the Lawrence G. and Janice C. Finch Revocable Trust. The filing states that the reporting person is trustee of this revocable trust, clarifying that these shares are legally held by the trust rather than in his direct name.