Director Sells $793K in Open Market Stock
MRAM has more than doubled off its 52-week low of $5.49.
Summary
A director at Everspin Technologies sold $793,579 worth of common stock in an open market transaction, reducing his direct ownership.
Key Events · Ownership and Investor Activity · MRAM
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Director Sells Shares
Geoffrey G. Ribar, a Director, disposed of 27,488 shares of common stock in an open market sale on May 20, 2026, for a total value of $793,579 at a weighted average price of $28.87 per share.
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Reduced Holdings
Following the transaction, Mr. Ribar's direct holdings in Everspin Technologies decreased to 94,063 shares.
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Part of Broader Insider Sales
This sale follows a pattern of insider distribution, with over $7.9 million in net insider sales (excluding options/tax sales) reported in the last 90 days, including a recent $3.68 million sale by the CEO.
Analysis · MRAM · Manufacturing
Geoffrey G. Ribar, a Director at Everspin Technologies, sold a significant portion of his direct holdings. This open market sale, valued at nearly $800,000, contributes to a broader pattern of insider distribution observed over the past 90 days, following recent sales by the CEO.
At the time of this filing, MRAM was trading at $32.45 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $760.9M. 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.