CEO Sells Over $557K in Company Stock Following Recent Positive News
MRAM has more than doubled off its 52-week low of $5.49 on elevated volume (3.3× avg).
Summary
Everspin Technologies' President and CEO, Sanjeev Aggarwal, sold 28,459 shares of common stock for a total value of $557,227 in an open market transaction.
Key Events · Ownership and Investor Activity · MRAM
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CEO Sells Significant Stake
Sanjeev Aggarwal, President and CEO, sold 28,459 shares of Everspin Technologies common stock on May 4, 2026, for a total value of $557,227.22 at an average price of $19.58 per share.
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Follows Prior Intent to Sell
This Form 4 filing confirms the execution of the sale previously indicated by a Form 144 filed on May 4, 2026, for the same number of shares.
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Post-Transaction Holdings
Following this transaction, Mr. Aggarwal directly holds 819,422 shares of the company's common stock.
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Context of Recent Positive News
The sale occurs shortly after the company announced a $40 million government contract and a 10-year foundry agreement with Microchip on April 29, 2026.
Analysis · MRAM · Manufacturing
Sanjeev Aggarwal, the President and CEO of Everspin Technologies, executed a significant open market sale of company stock, disposing of over half a million dollars worth of shares. This transaction follows a Form 144 filing on the same day, indicating his intent to sell, and occurs shortly after the company announced a substantial $40 million government contract and a 10-year foundry agreement. While the company has recently shared positive operational news, a sale of this magnitude by a key executive can be interpreted as a signal of reduced conviction or a move to lock in gains, potentially offsetting some of the positive sentiment from the recent contract announcements.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1498 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MRAM was trading at $19.91 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $446.7M. The 52-week trading range was $5.49 to $22.69. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.