William Earl Cooper, serving as the Chief Financial Officer for EVERSPIN TECHNOLOGIES INC. (NASDAQ:MRAM), executed a transaction to sell 1,821 shares of the company’s common stock on July 6, 2026. The shares were divested at a price of $19.65 per share, resulting in a total transaction value of $35,782. This financial activity was undertaken specifically to cover tax obligations arising from the vesting of restricted stock units. Following this sale, Mr. Cooper directly holds 149,131 shares of EVERSPIN TECHNOLOGIES INC. common stock.
The transaction filing is an amendment to a previous Form 4, correcting details regarding the sale date, share price, and number of shares sold. The stock has since declined to $17.39, down 9% over the past week, though the company has delivered a remarkable 152% return over the past year. According to InvestingPro analysis, MRAM currently appears overvalued relative to its Fair Value. Investors can access comprehensive analysis through the company’s Pro Research Report, available for MRAM and 1,400+ other US equities.
In other recent news, Everspin Technologies announced a significant $40 million contract to provide Toggle MRAM process technology and engineering services to the U.S. Defense Industrial Base. This agreement positions Everspin as a subcontractor on an existing prime contract for the U.S. Department of War, spanning two and a half years. The company also reported a first-quarter 2026 revenue beat and issued above-expectation guidance, leading Needham to raise its stock price target to $18.50 from $14.00 while maintaining a Buy rating. Additionally, Everspin will be added to the Russell 2000 Index, effective June 29, following its inclusion in the Russell 3000 Index. Shareholders recently approved changes to the company’s 2016 Equity Incentive Plan, authorizing an additional 1,800,000 shares for issuance. However, Kerrisdale Capital disclosed a short position in Everspin, citing concerns over the company’s role in the AI infrastructure buildout, noting its primary market is casino gaming and slot machines. Despite this, Everspin’s recent developments reflect strategic moves to strengthen its market position.