Sanjeev Aggarwal - Jan 5, 2024 Form 4 Insider Report for EVERSPIN TECHNOLOGIES INC (MRAM)

Signature
/s/ Anthony Griff, Attorney-in-Fact for Sanjeev Aggarwal
Stock symbol
MRAM
Transactions as of
Jan 5, 2024
Transactions value $
-$140,292
Form type
4
Date filed
1/8/2024, 04:11 PM
Previous filing
Jan 4, 2024
Next filing
Jan 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MRAM Common Stock Sale -$140K -15.6K -7.65% $9.00 188K Jan 5, 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The transaction reported by the Reporting Person was effected pursuant to a Rule 10b5-1 trading plan entered into on September 13, 2023.
F2 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $9.00 to $9.02 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.