Everspin Technologies (NASDAQ: MRAM) CEO exercises options, lifts holdings

Rhea-AI Filing Summary

Everspin Technologies President and CEO Sanjeev Aggarwal, who is also a director, reported exercising fully vested employee stock options on February 4, 2026. He converted options into 834 shares of common stock at an exercise price of $9.12 per share and another 6,250 shares at $6.35 per share.

Following these option exercises, Aggarwal directly beneficially owned 556,496 shares of Everspin Technologies common stock.

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

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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^*

Aggarwal Sanjeev

(Last) (First) (Middle)

C/O EVERSPIN TECHNOLOGIES, INC.

5670 W. CHANDLER BLVD, STE 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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/04/2026

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	02/04/2026		M		834	A	$9.12	550,246	D
Common Stock	02/04/2026		M		6,250	A	$6.35	556,496	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
Employee Stock Option (Right to Buy)	$9.12	02/04/2026		M			834	(1)	03/12/2028	Common Stock	834	$0	0	D
Employee Stock Option (Right to Buy)	$6.35	02/04/2026		M			6,250	(1)	02/10/2029	Common Stock	6,250	$0	0	D

Explanation of Responses:

1. Fully vested.

Remarks:

	/s/ Cesare Suardi, Attorney-in-Fact for Sanjeev Aggarwal	02/06/2026
	** 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).
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FAQ

What insider transaction did MRAM CEO Sanjeev Aggarwal report?

Sanjeev Aggarwal reported exercising employee stock options to acquire Everspin Technologies common shares. On February 4, 2026, he exercised options for 834 shares at $9.12 and 6,250 shares at $6.35, increasing his directly held position.

How many Everspin Technologies (MRAM) shares does the CEO now own?

After the reported transactions, President and CEO Sanjeev Aggarwal directly beneficially owned 556,496 shares of Everspin Technologies common stock. This figure reflects his holdings following the February 4, 2026 option exercises disclosed in the Form 4 filing.

What were the exercise prices for MRAM CEO’s stock options?

The exercised employee stock options had exercise prices of $9.12 and $6.35 per share. On February 4, 2026, Sanjeev Aggarwal used these options to acquire 834 shares at $9.12 and 6,250 shares at $6.35 of Everspin common stock.

Were the MRAM stock options exercised by the CEO fully vested?

Yes. A footnote in the Form 4 states the employee stock options were “Fully vested.” This means the options Aggarwal exercised on February 4, 2026 were already earned and exercisable when he converted them into Everspin common shares.

Does the MRAM Form 4 show any indirect ownership for the CEO?

No. The reported holdings following the transactions are classified as directly owned. The Form 4 lists 556,496 shares of Everspin Technologies common stock as directly held by Sanjeev Aggarwal after the option exercises, with no indirect ownership nature specified.