MRAM (MRAM) CEO awarded 310,825 RSUs, sells 19,440 shares to cover taxes

Rhea-AI Filing Summary

EVERSPIN TECHNOLOGIES INC. President and CEO Sanjeev Aggarwal reported a large equity grant and a small share sale. On March 31, 2026, he acquired 310,825 shares of Common Stock as restricted stock units that vest in sixteen equal quarterly installments over four years, with a vesting commencement date of January 1, 2026. On April 1, 2026, he sold 19,440 shares of Common Stock at $9.20 per share, and the sale was made solely to pay taxes due upon the vesting of RSUs. After these transactions, he directly held 847,881 shares of Common Stock.

Insights

Equity compensation analyst

Large RSU grant, small tax-driven sale; overall a routine compensation event.

President and CEO Sanjeev Aggarwal received 310,825 restricted stock units on March 31, 2026. The RSUs vest in sixteen equal quarterly installments over four years starting January 1, 2026, aligning his compensation closely with long-term shareholder value.

The subsequent sale of 19,440 shares at $9.20 per share on April 1, 2026 was disclosed as solely to pay taxes due upon RSU vesting. This is a tax-withholding type sale, not an active reduction in equity exposure. After these moves, he still holds 847,881 shares directly, so the net picture is increased equity alignment despite a small, mechanistic sale.

Insider Trade Summary

Net Seller: 19,440 shares ($178,848)

Net Sell 2 txns

Insider Aggarwal Sanjeev

Role President and CEO

Sold 19,440 shs ($179K)

Type	Security	Shares	Price	Value
Sale	Common Stock	19,440	$9.20	$179K
Grant/Award	Common Stock	310,825	$0.00	--

Holdings After Transaction: Common Stock — 847,881 shares (Direct)

Footnotes (1)

1. Represents restricted stock units ("RSUs") granted on March 31, 2026, which vest in sixteen equal quarterly installments over four years with a vesting commencement date of January 1, 2026. Shares sold solely to pay taxes due upon the vesting of RSUs.

Key Figures

RSUs granted: 310,825 shares RSU vesting schedule: 16 quarterly installments over 4 years Shares sold: 19,440 shares +2 more

5 metrics

RSUs granted 310,825 shares Restricted stock units granted on March 31, 2026

RSU vesting schedule 16 quarterly installments over 4 years Vesting commencement date January 1, 2026

Shares sold 19,440 shares Common Stock sold April 1, 2026

Sale price $9.20 per share Tax-related sale to cover RSU vesting taxes

Shares held after transactions 847,881 shares Direct holdings after grant and tax sale

Key Terms

restricted stock units, RSUs, vesting commencement date, grant, award, or other acquisition, +1 more

5 terms

restricted stock units financial

"Represents restricted stock units ("RSUs") granted on March 31, 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.

RSUs financial

"Represents restricted stock units ("RSUs") granted on March 31, 2026"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

vesting commencement date financial

"with a vesting commencement date of January 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.

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition"

Sale in open market or private transaction financial

"transaction_code_description": "Sale in open market or private transaction"

Form 4 Insider Transactions: What Each Field Means →

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^*

Aggarwal Sanjeev

(Last) (First) (Middle)

C/O EVERSPIN TECHNOLOGIES, INC.

5670 W. CHANDLER BLVD, STE 130

(Street)

CHANDLER ARIZONA 85226

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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

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

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

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	03/31/2026		A		310,825(1)	A	$0	867,321	D
Common Stock	04/01/2026		S(2)		19,440	D	$9.2	847,881	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 ("RSUs") granted on March 31, 2026, which vest in sixteen equal quarterly installments over four years with a vesting commencement date of January 1, 2026.

2. Shares sold solely to pay taxes due upon the vesting of RSUs.

Remarks:

	/s/ Cesare Suardi, Attorney-in-Fact for Sanjeev Aggarwal	04/02/2026
	** 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).
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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did MRAM CEO Sanjeev Aggarwal report in this Form 4?

MRAM President and CEO Sanjeev Aggarwal reported two transactions: a grant of 310,825 restricted stock units on March 31, 2026, and a sale of 19,440 common shares at $9.20 per share on April 1, 2026, tied to tax obligations on vesting.

How many MRAM shares does CEO Sanjeev Aggarwal own after these transactions?

After the reported transactions, Sanjeev Aggarwal directly holds 847,881 shares of EverSpin Technologies common stock. This figure reflects both the large restricted stock unit grant and the smaller share sale executed to cover taxes upon RSU vesting.

What are the vesting terms of the 310,825 MRAM restricted stock units granted to the CEO?

The 310,825 restricted stock units granted to MRAM’s CEO vest in sixteen equal quarterly installments over four years. The vesting schedule has a commencement date of January 1, 2026, gradually delivering shares as long-term service and performance conditions are met.

Why did MRAM’s CEO sell 19,440 shares of common stock at $9.20?

The CEO sold 19,440 MRAM shares at $9.20 per share solely to pay taxes due upon the vesting of restricted stock units. This type of sale is typically a mechanical tax-settlement step rather than a discretionary decision to reduce overall equity exposure.

Is the MRAM CEO’s share sale considered a routine tax transaction?

Yes. A footnote states the 19,440 MRAM shares were sold solely to pay taxes on RSU vesting. Such sales are generally viewed as routine tax-related events and do not necessarily indicate a change in the insider’s view of the company’s prospects.