Everspin Technologies Inc. Schedule 13G/A discloses that Lynrock Lake LP, Lynrock Lake Partners LLC and Cynthia Paul each beneficially own 969,635 shares of Common Stock as of March 31, 2026, representing 4.2% of the class. The filing states the amount is based on 23,320,978 shares outstanding as of March 31, 2026. The statement attributes sole voting and dispositive power over the 969,635 shares to the Reporting Persons and identifies Lynrock Lake Master Fund LP as the underlying holder managed by the Investment Manager; Cynthia Paul is described as CIO and Sole Member of the general partner.
Positive
None.
Negative
None.
Insights
Passive disclosure of sub-5% stake by a registered institutional investor.
The filing records that Lynrock Lake LP, Lynrock Lake Partners LLC and Cynthia Paul each report beneficial ownership of 969,635 shares or 4.2% of the outstanding common stock as of March 31, 2026. The disclosure cites the issuer's reported outstanding share count of 23,320,978.
The statement attributes sole voting and dispositive power to the Reporting Persons over these shares via Lynrock Lake Master Fund LP and an investment management agreement. Subsequent trading or changes in ownership are not stated; future filings would show any position changes.
Key Figures
Beneficial ownership per filer:969,635 sharesPercent of class:4.2%Shares outstanding used:23,320,978 shares
3 metrics
Beneficial ownership per filer969,635 sharesAmount beneficially owned as of March 31, 2026
Percent of class4.2%Percent of class as of March 31, 2026
Shares outstanding used23,320,978 sharesShares outstanding as of March 31, 2026 (source: issuer Form 10-Q)
Key Terms
beneficially owned, sole dispositive power, Schedule 13G/A
3 terms
beneficially ownedregulatory
"Amount beneficially owned as of March 31, 2026: Lynrock Lake LP - 969,635"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole dispositive powerregulatory
"As of March 31, 2026, the Reporting Persons had sole power to dispose or to direct the disposition of 969,635 shares"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Schedule 13G/Aregulatory
"(Amendment No. 2 ) EVERSPIN TECHNOLOGIES INC. Common Stock"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
EVERSPIN TECHNOLOGIES INC.
(Name of Issuer)
Common Stock, par value $0.0001
(Title of Class of Securities)
30041T104
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
30041T104
1
Names of Reporting Persons
Lynrock Lake LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
969,635.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
969,635.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
969,635.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.2 %
12
Type of Reporting Person (See Instructions)
IA, PN
SCHEDULE 13G
CUSIP Number(s):
30041T104
1
Names of Reporting Persons
LYNROCK LAKE PARTNERS LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
969,635.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
969,635.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
969,635.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.2 %
12
Type of Reporting Person (See Instructions)
OO, HC
SCHEDULE 13G
CUSIP Number(s):
30041T104
1
Names of Reporting Persons
Paul Cynthia
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
969,635.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
969,635.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
969,635.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.2 %
12
Type of Reporting Person (See Instructions)
IN, HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
EVERSPIN TECHNOLOGIES INC.
(b)
Address of issuer's principal executive offices:
5670 W. Chandler Boulevard, Suite 130, Chandler, Arizona, 85226
Item 2.
(a)
Name of person filing:
This Schedule 13G is being filed by (i) Lynrock Lake LP, (ii) Lynrock Lake Partners LLC, and (iii) Cynthia Paul (collectively, the "Reporting Persons"). This statement relates to shares of Common Stock, par value $0.0001 ("Common Stock"), of Everspin Technologies, Inc. (the "Issuer") held by Lynrock Lake Master Fund LP ("Lynrock Lake Master"). Lynrock Lake LP (the "Investment Manager") is the investment manager of Lynrock Lake Master, and pursuant to an investment management agreement, the Investment Manager has been delegated full voting and investment power over securities of the Issuer held by Lynrock Lake Master. Cynthia Paul, the Chief Investment Officer of the Investment Manager and Sole Member of Lynrock Lake Partners LLC, the general partner of the Investment Manager, may be deemed to exercise voting and investment power over securities of the Issuer held by Lynrock Lake Master.
(b)
Address or principal business office or, if none, residence:
The principal business address of the Reporting Persons is 2 International Drive, Suite 130, Rye Brook, NY 10573.
(c)
Citizenship:
(i) Lynrock Lake LP is a Delaware limited partnership, (ii) Lynrock Lake Partners LLC is a Delaware limited liability company, and (iii) Cynthia Paul is an individual and is a citizen of the United States.
(d)
Title of class of securities:
Common Stock, par value $0.0001
(e)
CUSIP No.:
30041T104
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Amount beneficially owned as of March 31, 2026:
Lynrock Lake LP - 969,635
Lynrock Lake Partners LLC - 969,635
Cynthia Paul - 969,635
(b)
Percent of class:
Percent of class as of March 31, 2026:
Lynrock Lake LP - 4.2%
Lynrock Lake Partners LLC - 4.2%
Cynthia Paul - 4.2%
Based on 23,320,978 shares of Common Stock outstanding as of March 31, 2026, as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on April 29, 2026.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
As of March 31, 2026, the Reporting Persons had sole power to vote or to direct the vote of 969,635 shares of Common Stock.
(ii) Shared power to vote or to direct the vote:
As of March 31, 2026, the Reporting Persons had shared power to vote or to direct the vote of 0 shares of Common Stock.
(iii) Sole power to dispose or to direct the disposition of:
As of March 31, 2026, the Reporting Persons had sole power to dispose or to direct the disposition of 969,635 shares of Common Stock.
(iv) Shared power to dispose or to direct the disposition of:
As of March 31, 2026, the Reporting Persons had shared power to dispose or to direct the disposition of 0 shares of Common Stock.
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Lynrock Lake LP
Signature:
/s/ Cynthia Paul
Name/Title:
Cynthia Paul / Sole Member of Lynrock Lake Partners LLC, its general partner
What stake does Lynrock Lake report in Everspin (MRAM)?
Lynrock Lake reports beneficial ownership of 969,635 shares, equal to 4.2% of common stock as of March 31, 2026. The percentage is calculated from 23,320,978 shares outstanding reported for that date.
Who controls the shares reported by Lynrock Lake in MRAM?
The filing states the Investment Manager (Lynrock Lake LP) has sole voting and dispositive power over the shares held by Lynrock Lake Master Fund LP, and Cynthia Paul may be deemed to exercise that power as CIO and Sole Member.
Is the reported position in MRAM an active trade or passive holding?
This Schedule 13G/A presents a disclosure of ownership rather than a transaction; it lists a 4.2% beneficial holding as of March 31, 2026. The filing does not describe purchases, sales, or timing of trades.
How was the percent ownership for MRAM calculated?
Percent ownership is shown as 4.2% and is based on the issuer's cited outstanding share count of 23,320,978 shares as of March 31, 2026, per the filing's reference to the company Form 10-Q.
Which entities are named as Reporting Persons on the MRAM filing?
The filing names three Reporting Persons: Lynrock Lake LP, Lynrock Lake Partners LLC, and Cynthia Paul, collectively reporting the same 969,635-share position and related voting/dispositive powers.
