Director Geoffrey Ribar Files Intent to Sell $793K in Company Stock
MRAM has more than doubled off its 52-week low of $5.49.
Summary
Director Geoffrey Ribar filed a Form 144 to sell 27,488 shares of Everspin Technologies stock, valued at approximately $793,548.
Key Events · Ownership and Investor Activity · MRAM
-
Director Files Intent to Sell Shares
Director Geoffrey Ribar filed a Form 144 to sell 27,488 shares of common stock.
-
Significant Value of Proposed Sale
The proposed sale has an approximate market value of $793,548.32.
-
Part of Broader Insider Selling Trend
This filing follows a pattern of recent insider selling, including a $3.68 million sale by the CEO on May 19, 2026, and contributes to a net distribution of over $7.6 million by insiders in the last 90 days.
Analysis · MRAM · Manufacturing
This Form 144 indicates Director Geoffrey Ribar's intent to sell a significant portion of his holdings, adding to a recent pattern of insider selling at Everspin Technologies. While not as large as the CEO's recent sale, this transaction by a director is notable and contributes to a broader signal of distribution from insiders.
At the time of this filing, MRAM was trading at $28.59 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $678.6M. The 52-week trading range was $5.49 to $51.50. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.