Everspin (MRAM) director sells 310,091 shares in May trades
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Everspin Technologies director Lawrence G. Finch reported open‑market sales totaling 310,091 shares of the company’s common stock. On May 29, he sold 267,730 shares at $26.40 per share and 400 shares at $27.03 per share. On May 11, a revocable trust for which he serves as trustee sold 41,961 shares at $34.29 per share. Following these transactions, he continues to hold shares directly, according to the filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 310,091 shares ($8,517,727)
Net Sell
3 txns
Insider
FINCH LAWRENCE G
Role
null
Sold
310,091 shs ($8.52M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 267,730 | $26.40 | $7.07M |
| Sale | Common Stock | 400 | $27.03 | $11K |
| Sale | Common Stock | 41,961 | $34.29 | $1.44M |
Holdings After Transaction:
Common Stock — 172,795 shares (Direct, null);
Common Stock — 0 shares (Indirect, See Footnote)
Footnotes (1)
- The shares are held by the Lawrence G. and Janice C. Finch Revocable Trust, of which the reporting person is trustee. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $26.03 to $27.02 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Key Figures
Total shares sold: 310,091 shares
Direct sale block: 267,730 shares at $26.40
Additional direct sale: 400 shares at $27.03
+1 more
4 metrics
Total shares sold
310,091 shares
Aggregate insider sales reported in this Form 4
Direct sale block
267,730 shares at $26.40
Open-market sale on May 29, 2026
Additional direct sale
400 shares at $27.03
Smaller open-market sale on May 29, 2026
Trust sale
41,961 shares at $34.29
Revocable trust transaction on May 11, 2026
Key Terms
open-market sale, weighted average sale price, Revocable Trust, indirect ownership
4 terms
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average sale price financial
"The reported price in Column 4 is a weighted average sale price."
Revocable Trust financial
"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
"ownership_type: indirect"
FAQ
What insider transactions did MRAM director Lawrence G. Finch report?
Lawrence G. Finch reported open-market sales totaling 310,091 shares of Everspin Technologies common stock. These were three separate transactions in May, including one sale via a revocable trust where he serves as trustee, all at prices between $26.40 and $34.29.
On what dates did the MRAM insider stock sales occur and at what prices?
The reported MRAM insider sales occurred on May 11 and May 29. Shares sold on May 11 cleared at $34.29 each, while May 29 sales occurred at $26.40 and $27.03 per share in open-market transactions.
What portion of Lawrence G. Finch’s MRAM trades were direct vs. indirect holdings?
The filing shows two direct open-market sales totaling 268,130 MRAM shares and one indirect sale of 41,961 shares by a revocable trust. Direct transactions are recorded under his name; the trust sale is attributed to the Lawrence G. and Janice C. Finch Revocable Trust.
Were the MRAM insider transactions classified as open-market sales?
Yes. All three MRAM transactions were coded “S” and described as an open-market sale or private transaction. The reported prices reflect either specific trade prices or a weighted average price across multiple executions within the stated ranges.