Cooper William Earl, the Chief Financial Officer of EverSpin Technologies, Inc., recently sold 3,115 shares of the company's common stock. This transaction took place on October 2, 2026, and was primarily executed to cover tax obligations associated with the vesting of Restricted Stock Units.
The sale was reported in a filing made on October 5, 2026. It highlights the financial maneuvers of executives within the semiconductor industry, particularly in relation to managing personal tax liabilities.
Background
EverSpin Technologies, Inc. is a company incorporated in Arizona, specializing in the manufacturing of semiconductor products. The company is categorized under the Standard Industrial Classification (SIC) code for semiconductors and related devices. Notably, it trades under the ticker symbol MRAM.
What the Filing Says
The SEC filing indicates that Cooper William Earl sold the shares at a price of $19.08 each, resulting in a total transaction value of approximately $59,500. Following this sale, Earl retains ownership of 154,626 shares of the company's stock.
"Shares sold solely to pay taxes due upon the vesting of Restricted Stock Units."
Impact
This transaction may have implications for EverSpin Technologies and its stakeholders, including investors and employees. It reflects a common practice among executives to manage their stock holdings in light of tax obligations, which can influence perceptions of corporate governance and financial health.
What's Next
The filing does not say what happens next.