CEO and CFO both sold shares for cash within 3 days, at prices near $29-$32, well above recent exercise prices. This is the strongest insider-selling signal for MRAM in months. Monitor for an upcoming earnings pre-announcement or material news — the insider sales cluster coinciding with cross-filing amplifier pairs (cluster + earnings, cluster + agreement) suggests insiders may be de-risking ahead of a catalyst. Consider hedging or reducing position if holding MRAM common stock.
Price Chart
Executive Summary
Multiple MRAM insiders, including directors and the CEO, sold shares totaling ~$4.43M over a one-week window. The CEO's $2.7M open-market sale on May 18 at ~$32.48 and the CFO's $291K sale on May 20 are the most notable cash transactions. Director grants are non-cash stock awards ($0 value). At roughly 0.58% of Everspin's $761M market cap, the cluster is modest but notable, and the cross-filing context (amplifier pairs firing) increases the significance. The historical insider cluster calibration shows the 'cluster + press context' and 'cluster + earnings context' combinations have been strong amplifiers, suggesting heightened informational content around these trades.
Key Financial Metrics
Key Facts
- CEO Aggarwal Sanjeev sold 83,048 shares open-market at ~$32.48 for $2.70M on May 18
- CFO William Cooper sold 10,000 shares open-market at $29.13 for $291K on May 20
- Director RIBAR GEOFFREY sold 27,488 shares at $28.87 for $794K on May 20
- Total insider cash sales in cluster: ~$4.43M, representing ~0.58% of market cap
- Three directors received non-cash stock grants of 3,852 shares each at $0
- CEO also exercised options on May 18 and May 20, netting ~$104K via cashless exercise
- All cash sales were open-market; no 10b5-1 plan pattern detected (irregular sizes, concentrated dates)
- Cluster crosses a week with amplified calibration pairs (cluster + earnings context, cluster + agreement context, cluster + press context)
Financial Impact
~$4.43M in insider cash sales, 0.58% of market cap sold in one week
Risk Factors
- CEO selling 73% of exercised shares immediately on conversion — classic 'sell-the-exercise' pattern
- CFO sold 100% of his disclosed open-market transaction; no buys to offset
- Insider sales cluster not accompanied by any insider open-market purchases in the window
- Directors receiving grants is neutral — no cash pressure, but does not offset selling
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-1779482548626 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 21d ago | Insider Cluster | $17.76 | awaiting T+20 | — | $12.79 (−27.98%) |
Jul 8, 2026 15w ago | Insider Cluster | $18.14 $15.65 | ▼ −13.73% | ▼ −15.97% | $12.79 (−29.49%) |
Jul 6, 2026 16w ago | Insider Cluster | $17.68 $15.45 | ▼ −12.61% | ▼ −13.95% | $12.79 (−27.66%) |
Jun 11, 2026 19w ago | Institutional Cluster | $24.20 $18.14 | ▼ −25.04% | ▼ −26.93% | $12.79 (−47.15%) |
Jun 2, 2026 20w ago | Insider Cluster | $28.57 $19.14 | ▲ +33.01% | ▲ +32.01% | $12.79 (+55.23%) |
May 21, 2026 22w ago | Insider Cluster | $32.70 $21.10 | ▲ +35.47% | ▲ +33.53% | $12.79 (+60.89%) |
May 21, 2026 22w ago | Insider Cluster | $33.68 $24.04 | ▲ +28.64% | ▲ +27.22% | $12.79 (+62.02%) |
May 21, 2026 22w ago | Insider Cluster | $33.68 $24.04 | ▲ +28.64% | ▲ +27.22% | $12.79 (+62.02%) |
May 21, 2026 22w ago | Insider Cluster | $33.68 $24.04 | ▲ +28.64% | ▲ +27.22% | $12.79 (+62.02%) |
May 20, 2026 22w ago | 144 | $32.45 $25.56 | ▼ −21.23% | ▼ −21.57% | $12.79 (−60.59%) |
US Market Status
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