The cluster shows a clear selling bias from the CEO, CFO, and two directors with no opposing buys. The CEO's option exercises partially explain his sales, but the collective lack of buying and the sale by four different insiders is a cautionary signal. Watch for a potential stock pullback toward the $28-$29 zone where the most recent director sold. If the company's next 8-K contains a material agreement or earnings event, the cross-filing amplifiers suggest amplified stock movement — likely to the downside given the selling context.
Price Chart
Executive Summary
Four insiders at Everspin Technologies sold a total of $4.43M in shares over a 7-day window through May 21. The CEO alone sold $2.70M at $32.48 per share, and a director sold $794K at $28.87. The cluster is heavily weighted toward C-suite selling, but against a $761M market cap the total represents 0.58% — meaningful but not outsized. The CEO's concurrent option exercises suggest tax-related selling, not a pure cash-out, but the aggregate signal is bearish given the multiple insiders and the lack of any insider buys to offset the outflow.
Key Financial Metrics
Key Facts
- Total insider sales of $4.43M represent 0.58% of MRAM's $761M market cap
- CEO Sanjeev Aggarwal sold 83,048 shares for $2.70M at $32.48 on May 18 — the largest single trade in the cluster
- CFO William Earl Cooper sold 10,000 shares for $291K at $29.13 on May 20
- Director Geoffrey G. Ribar sold 27,488 shares for $794K at $28.87 on May 20
- Director Glen Hawk sold 17,400 shares for $645K at $37.10 on May 15 (highest price point)
- CEO also exercised derivative options on May 18 and May 20, indicating sales may be partially tax- or exercise-cost-driven
- No insider open-market purchases occurred during the cluster window — all material cash-flow trades were sales
Financial Impact
Insider sales of $4.43M represent 0.58% of market cap, at prices between $28.87 and $37.10 — a meaningful but not extreme level of insider liquidation at recently elevated stock prices
Risk Factors
- CEO sold 83K shares while also exercising options — the sales may be tax-motivated rather than purely informational, but the timing at high stock prices is concerning
- No insider purchases to offset the selling — a complete absence of buying by any executive is a bearish signal in this cluster size
- Cross-filing context shows amplifiers for cluster-insider-trades with earnings, press, and offering contexts — if any of those filings appear soon, stock could move sharply
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-MRAM-1779482368364 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 21d ago | Insider Cluster | $17.76 | awaiting T+20 | — | $13.66 (−23.09%) |
Jul 8, 2026 15w ago | Insider Cluster | $18.14 $15.65 | ▼ −13.73% | ▼ −15.97% | $13.66 (−24.70%) |
Jul 6, 2026 16w ago | Insider Cluster | $17.68 $15.45 | ▼ −12.61% | ▼ −13.95% | $13.66 (−22.74%) |
Jun 11, 2026 19w ago | Institutional Cluster | $24.20 $18.14 | ▼ −25.04% | ▼ −26.93% | $13.66 (−43.55%) |
Jun 2, 2026 20w ago | Insider Cluster | $28.57 $19.14 | ▲ +33.01% | ▲ +32.01% | $13.66 (+52.19%) |
May 21, 2026 22w ago | Insider Cluster | $32.70 $21.10 | ▲ +35.47% | ▲ +33.53% | $13.66 (+58.23%) |
May 21, 2026 22w ago | Insider Cluster | $33.68 $24.04 | ▲ +28.64% | ▲ +27.22% | $13.66 (+59.44%) |
May 21, 2026 22w ago | Insider Cluster | $33.68 $24.04 | ▲ +28.64% | ▲ +27.22% | $13.66 (+59.44%) |
May 21, 2026 22w ago | Insider Cluster | $33.68 $24.04 | ▲ +28.64% | ▲ +27.22% | $13.66 (+59.44%) |
May 20, 2026 22w ago | 144 | $32.45 $25.56 | ▼ −21.23% | ▼ −21.57% | $13.66 (−57.90%) |
US Market Status
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