Insider Tax Withholding: Sanjeev Aggarwal Sells RSU Shares in MRAM

Q: What transaction did Sanjeev Aggarwal (MRAM) report on Form 4?

He reported a sale of 1,357 common shares on 08/07/2025 at $6.10 per share.

Q: How many MRAM shares does Aggarwal own after the sale?

After the transaction, Aggarwal beneficially owns 593,672 shares directly.

Q: What roles does Sanjeev Aggarwal hold at Everspin (MRAM)?

The Form 4 lists him as a Director and as the company's President and CEO .

Q: When was the Form 4 signed and by whom?

The form was signed by Cesare Suardi, Attorney-in-Fact for Sanjeev Aggarwal on 08/08/2025 .

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Sanjeev Aggarwal, listed as a Director and as President and CEO of Everspin Technologies (MRAM), reported a sale of 1,357 common shares on 08/07/2025 at a price of $6.10 per share. The Form 4 states the shares were sold solely to pay taxes due upon the vesting of restricted stock units, and no derivative transactions are reported.

After the transaction, Aggarwal is reported to beneficially own 593,672 shares directly. The filing was signed by an attorney-in-fact, Cesare Suardi, on 08/08/2025.

Positive

Sale was executed to satisfy tax withholding on vested RSUs
Reporting person retains substantial direct ownership of 593,672 shares

Negative

None.

Insights

TL;DR Small, tax-related insider sale: 1,357 shares sold at $6.10; direct holdings remain 593,672 shares.

The Form 4 documents a routine withholding-for-taxes sale linked to RSU vesting rather than an open-market liquidity decision. The reported sale size (1,357 shares) and the stated purpose reduce the likelihood this transaction alone signals a change in company outlook. The filing reports only a non-derivative sale and shows continued substantial direct ownership by the CEO, which preserves alignment with shareholders.

TL;DR Properly disclosed tax-withholding sale by an officer/director; Form 4 signed by attorney-in-fact and filed as a single reporting person.

The form identifies Aggarwal as both a director and the President and CEO and checks the appropriate relationship boxes. The explanation explicitly states the sale was to cover taxes on vested RSUs, meeting common disclosure standards for such transactions. The signature by an attorney-in-fact on 08/08/2025 fulfills the filing requirement to report the transaction.

Insider Trade Summary

Net Seller: 1,357 shares ($8,278)

Net Sell 1 txn

Insider Aggarwal Sanjeev

Role PRESIDENT AND CEO

Sold 1,357 shs ($8K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,357	$6.10	$8K

Holdings After Transaction: Common Stock — 593,672 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

08/08/2025 - 04:33 PM

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 BOULEVARD, SUITE 130

(Street)

CHANDLER

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)
08/07/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/07/2025		S⁽¹⁾		1,357	D	$6.1	593,672	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Shares sold solely to pay taxes due upon the vesting of Restricted Stock Units.

	/s/ Cesare Suardi, Attorney-in-Fact for Sanjeev Aggarwal	08/08/2025
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What transaction did Sanjeev Aggarwal (MRAM) report on Form 4?

He reported a sale of 1,357 common shares on 08/07/2025 at $6.10 per share.

Why were the MRAM shares sold?

The filing states the shares were sold solely to pay taxes due upon the vesting of Restricted Stock Units (RSUs).

How many MRAM shares does Aggarwal own after the sale?

After the transaction, Aggarwal beneficially owns 593,672 shares directly.

What roles does Sanjeev Aggarwal hold at Everspin (MRAM)?

The Form 4 lists him as a Director and as the company's President and CEO.

When was the Form 4 signed and by whom?

The form was signed by Cesare Suardi, Attorney-in-Fact for Sanjeev Aggarwal on 08/08/2025.