The CEO and CFO sales are small relative to market cap and may reflect routine portfolio diversification or tax planning, especially given the recent stock price appreciation (stock was ~$19-37 range). The director's sale at $37.16 after exercising options at $0 is a typical monetization event. However, the cluster of three senior insiders selling within a week of a major contract announcement warrants monitoring for additional filings or a secondary offering. The cross-filing amplifier (cluster + agreement context) suggests this pattern has historically been informative, but the modest dollar amounts keep impact moderate.
Price Chart
Executive Summary
Everspin Technologies insiders, including the CEO and CFO, sold a total of $1.91M in stock over the past week, with the largest sale ($1.11M) by a director following a derivative exercise. This cluster follows a $40M U.S. government contract (8-K filed April 29) for Toggle MRAM development, suggesting insiders may be monetizing equity after a material positive event. The sales represent ~0.19% of market cap, which is modest but notable given the CEO and CFO participation and the proximity to the contract announcement.
Key Financial Metrics
Key Facts
- CEO Sanjeev Aggarwal sold 28,500 shares ($557K) on May 4 at $19.58
- CFO William Cooper sold 11,000 shares ($239K) on May 6 at $21.75
- Director Darin Billerbeck exercised 30,000 options at $0, then sold 30,000 shares ($1.11M) at $37.16 on May 11
- Total insider sales of $1.91M represent ~0.19% of $1.0B market cap
- Company announced a $40M firm-fixed-price government contract on April 24 (8-K filed April 29) for Toggle MRAM development
Financial Impact
Total insider sales of $1.91M, or ~0.19% of market cap. The $40M government contract is ~4% of market cap.
Risk Factors
- Insider sales could signal that management views the current valuation as full, despite the contract win
- The $40M contract is spread over 30 months, so near-term revenue impact is limited
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-1778704791970 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 21d ago | Insider Cluster | $17.76 | awaiting T+20 | — | $12.59 (−29.11%) |
Jul 8, 2026 15w ago | Insider Cluster | $18.14 $15.65 | ▼ −13.73% | ▼ −15.97% | $12.59 (−30.60%) |
Jul 6, 2026 16w ago | Insider Cluster | $17.68 $15.45 | ▼ −12.61% | ▼ −13.95% | $12.59 (−28.79%) |
Jun 11, 2026 19w ago | Institutional Cluster | $24.20 $18.14 | ▼ −25.04% | ▼ −26.93% | $12.59 (−47.98%) |
Jun 2, 2026 20w ago | Insider Cluster | $28.57 $19.14 | ▲ +33.01% | ▲ +32.01% | $12.59 (+55.93%) |
May 21, 2026 22w ago | Insider Cluster | $32.70 $21.10 | ▲ +35.47% | ▲ +33.53% | $12.59 (+61.50%) |
May 21, 2026 22w ago | Insider Cluster | $33.68 $24.04 | ▲ +28.64% | ▲ +27.22% | $12.59 (+62.62%) |
May 21, 2026 22w ago | Insider Cluster | $33.68 $24.04 | ▲ +28.64% | ▲ +27.22% | $12.59 (+62.62%) |
May 21, 2026 22w ago | Insider Cluster | $33.68 $24.04 | ▲ +28.64% | ▲ +27.22% | $12.59 (+62.62%) |
May 20, 2026 22w ago | 144 | $32.45 $25.56 | ▼ −21.23% | ▼ −21.57% | $12.59 (−61.20%) |
US Market Status
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