David Schrenk - Aug 11, 2023 Form 4 Insider Report for EVERSPIN TECHNOLOGIES INC (MRAM)

Role
VP Sales & Bus. Development
Signature
/s/ Anthony Griff, Attorney-in-Fact for David Schrenk
Stock symbol
MRAM
Transactions as of
Aug 11, 2023
Transactions value $
-$65,380
Form type
4
Date filed
8/14/2023, 04:22 PM
Previous filing
Jun 21, 2023
Next filing
Aug 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRAM Common Stock Options Exercise $2.14K +834 +1.26% $2.56 67K Aug 11, 2023 Direct
transaction MRAM Common Stock Options Exercise $20K +2.91K +4.35% $6.86 69.9K Aug 11, 2023 Direct
transaction MRAM Common Stock Sale -$87.5K -8.93K -12.78% $9.80 60.9K Aug 11, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MRAM Employee Stock Option (Right to Buy) Options Exercise $0 -834 -85.1% $0.00 146 Aug 11, 2023 Common Stock 834 $2.56 Direct F2
transaction MRAM Employee Stock Option (Right to Buy) Options Exercise $0 -2.91K -88.59% $0.00 375 Aug 11, 2023 Common Stock 2.91K $6.86 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $9.71 to $10.01 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.
F2 The option vested as to 25% of the shares on April 7, 2021, and the remainder vest in 36 equal monthly increments thereafter. The option becomes fully exercisable on April 7, 2024.
F3 The option vested as to 25% of the shares on August 26, 2020, and the remainder vest in 36 equal monthly increments thereafter. The option becomes fully exercisable on August 26, 2023.