The CEO and CFO selling within days of a $40M government contract win is a cautionary signal. While the selling is small relative to market cap, the timing suggests insiders may be taking profits near the stock's recent highs. Monitor for additional insider sales or a Form 144 filing; the contract itself is a positive catalyst but insider behavior warrants watching for near-term sentiment shifts.
Price Chart
Executive Summary
Everspin's CEO and CFO sold a combined $796K in open-market sales within days of announcing a $40M U.S. Navy subcontract for Toggle MRAM development. The insider selling follows a material government contract win and comes as the stock trades near recent highs, raising questions about whether insiders view the current valuation as full.
Key Financial Metrics
Key Facts
- CEO Sanjeev Aggarwal sold 28,459 shares at $19.58 for $557K on May 4, 2026.
- CFO William Cooper sold 11,000 shares at $21.75 for $239K on May 6, 2026.
- Director Lawrence Finch received 637 shares via grant (non-cash, $0 value).
- Total open-market insider selling: $796K, representing ~0.16% of $506M market cap.
- On April 24, 2026, Everspin signed a $40M IDIQ subcontract with Amentum for the U.S. Navy's Toggle MRAM RDT&E program.
- The 30-month agreement has milestone payments and option periods through November 2028.
- Prior 30-day insider activity already showed 2 sells totaling $796K — this cluster is the same activity.
Financial Impact
Insider selling of $796K (0.16% of market cap) is modest in size but notable for involving both CEO and CFO immediately after a $40M government contract announcement.
Risk Factors
- Insider selling by both CEO and CFO immediately after a major contract announcement may signal limited upside conviction.
- The $40M contract is spread over 30 months with milestone-based payments, creating execution risk.
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-1778192402573 |
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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