MRAM EVERSPIN TECHNOLOGIES INC.
Price Chart
Executive Summary
Three MRAM insiders (CEO and two directors) sold a combined $2.11M in open-market shares over a one-week window ending May 15, 2026. CEO Sanjeev Aggarwal also exercised and simultaneously sold options at $5.62–$0 strike, generating $411K in proceeds, while director Billerbeck accounted for $1.11M of total sales. At 0.27% of $782M market cap, the dollar value is modest but notable given it includes the CEO and the timing follows a 258% T+20 gain documented in a prior activist/catalyst report in early April.
Key Financial Metrics
Actionable Insight
CEO sold $2.7M at $32.48 just 3 trading days after selling at $40 — accelerating pace and declining price suggest urgency. The strong April catalyst may be reaching an inflection point. Watch for Form 144 filings that could signal a secondary offering or 10b5-1 adoption anchoring the CEO's exit route. The prior historical win rate on this name is 100%, but the calibration data shows score-6 observations only beat the market 31% of the time — this 0.47% market-cap sale cluster leans notable but not transformative.
Key Facts
- CEO Sanjeev Aggarwal sold 91,832 shares total across two dates ($3.05M), including a $2.70M block on 5/18 at $32.48 — below the 5/15 sale price of $40.
- Director Glen Hawk sold 17,376 shares ($645K) and Director Darin Billerbeck sold 30,000 shares ($1.11M).
- Total open-market sales by insiders: $3.7M (including the 5/18 CEO sale that extended the original 7d cluster window).
- Three of four CEO sales are paired with option exercises at $5.62 or $0 strike, consistent with typical cashless exercise/sell-to-cover patterns.
- All sales were above $32 — shares have rallied significantly from levels prior to the April 2026 event that generated +259% T+20 alpha.
Financial Impact
Total insider open-market sells of $3.7M (0.47% of market cap) over 11 days, with the CEO responsible for 83% of volume.
Risk Factors
- Share overhang from potential follow-on offerings or further insider selling.
- CEO's multiple option-exercise-and-sale patterns may indicate diversification, not bearish conviction, but the $32.48 price undershooting the prior sale is cautionary.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-MRAM-1779221500390 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
3d ago
|
Institutional Cluster
| $23.43 awaiting T+1 | awaiting T+1 | — | $24.41 (+4.18%) |
|
Jun 2, 2026
12d ago
|
Insider Cluster
| $28.57 $28.42 | ▲ +0.53% | ▲ +0.93% | $24.41 (+14.56%) |
|
May 21, 2026
24d ago
|
Insider Cluster
| $32.70 $29.97 | ▲ +8.35% | ▲ +8.36% | $24.41 (+25.35%) |
|
May 21, 2026
24d ago
|
Insider Cluster
| $33.68 $32.70 | ▲ +2.91% | ▲ +3.50% | $24.41 (+27.52%) |
|
May 21, 2026
24d ago
|
Insider Cluster
| $33.68 $32.70 | ▲ +2.91% | ▲ +3.50% | $24.41 (+27.52%) |
|
May 21, 2026
24d ago
|
Insider Cluster
| $33.68 $32.70 | ▲ +2.91% | ▲ +3.50% | $24.41 (+27.52%) |
|
May 20, 2026
25d ago
|
144
| $32.45 $33.68 | ▲ +3.79% | ▲ +3.34% | $24.41 (−24.78%) |
|
May 19, 2026
26d ago
|
Insider Cluster
| $28.94 $32.45 | ▼ −12.13% | ▼ −11.93% | $24.41 (+15.65%) |
|
May 19, 2026
26d ago
|
Insider Cluster
| $28.94 $32.45 | ▼ −12.13% | ▼ −11.93% | $24.41 (+15.65%) |
|
May 15, 2026
4w ago
|
Insider Cluster
| $33.35 $31.72 | ▼ −4.89% | ▼ −4.24% | $24.41 (−26.81%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access