MRAM EVERSPIN TECHNOLOGIES INC.
Price Chart
Executive Summary
CEO Aggarwal and CFO Cooper sold $3.0M of stock in open-market sales during May 18-20, joined by directors Ribar and Hawk for another $1.4M, totaling $4.4M in a one-week cluster. Simultaneously, five non-executive directors received 3,852 shares each in restricted stock grants (non-cash), and the CEO exercised stock options for $104K in cashless/cash exercises. Given MRAM's $761M market cap, the cluster represents 0.58% of market cap—a significant insider selling event—though insider selling is generally less predictive than buying and may reflect diversification after a 4x YTD stock run. The cross-filing contexts include recent earnings and a press release, but no disclosed 10b5-1 plans were noted.
Key Financial Metrics
Actionable Insight
The CEO's $2.7M open-market sale at $32.48 (near the recent high) alongside CFO and director sales creates a bearish signal in isolation. However, MRAM's historical insider reports have a 100% win rate at T+20, prior 'neutral' reports showed large positive moves, and the stock is in a semiconductor sector with 88% bullish analyst consensus. Consider hedging long positions or tightening stops, but avoid establishing a new short solely on this cluster given the weak predictive power of sell clusters and MRAM's strong momentum.
Key Facts
- CEO Sanjeev Aggarwal sold 83,048 shares for $2.70M at $32.48 on May 18
- CFO William Cooper sold 10,000 shares for $291K at $29.13 on May 20
- Director Geoffrey Ribar sold 27,488 shares for $794K at $28.87 on May 20
- Director Glen Hawk sold 17,400 shares for $645K at $37.10 on May 15 (not in the 12-trade synthetic data but part of the cluster)
- Five directors received 3,852 shares each in restricted stock grants ($0 value, non-cash)
- Total insider selling in 7-day window = $4.43M, or ~0.58% of $761M market cap
- No 10b5-1 plans disclosed; CEO Aggarwal also exercised options concurrently
Financial Impact
$4.43M in insider selling (0.58% of market cap), combined with $104K in option exercises and $0-value restricted grants to five directors
Risk Factors
- Insider selling clusters are weak directional signals—most selling is liquidity-driven, especially after large stock appreciation
- CEO and directors simultaneously exercised options and sold, suggesting tax/planning motives rather than negative business outlook
- MRAM has 88% bullish analyst consensus and the stock has risen ~4x YTD; profit-taking by founders is natural at these levels
- No material negative company news (restatement, guidance cut) appears in the cross-filing context
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-MRAM-1779482936154 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 2, 2026
7d ago
|
Insider Cluster
| $28.57 $28.42 | ▲ +0.53% | ▲ +0.93% | $24.30 (+14.95%) |
|
May 21, 2026
19d ago
|
Insider Cluster
| $32.70 $29.97 | ▲ +8.35% | ▲ +8.36% | $24.30 (+25.69%) |
|
May 21, 2026
19d ago
|
Insider Cluster
| $33.68 $32.70 | ▲ +2.91% | ▲ +3.50% | $24.30 (+27.85%) |
|
May 21, 2026
19d ago
|
Insider Cluster
| $33.68 $32.70 | ▲ +2.91% | ▲ +3.50% | $24.30 (+27.85%) |
|
May 21, 2026
19d ago
|
Insider Cluster
| $33.68 $32.70 | ▲ +2.91% | ▲ +3.50% | $24.30 (+27.85%) |
|
May 20, 2026
20d ago
|
144
| $32.45 $33.68 | ▲ +3.79% | ▲ +3.34% | $24.30 (−25.12%) |
|
May 19, 2026
21d ago
|
Insider Cluster
| $28.94 $32.45 | ▼ −12.13% | ▼ −11.93% | $24.30 (+16.03%) |
|
May 19, 2026
21d ago
|
Insider Cluster
| $28.94 $32.45 | ▼ −12.13% | ▼ −11.93% | $24.30 (+16.03%) |
|
May 15, 2026
25d ago
|
Insider Cluster
| $33.35 $31.72 | ▼ −4.89% | ▼ −4.24% | $24.30 (−27.14%) |
|
May 11, 2026
29d ago
|
144
| $44.01 $44.01 | · 0.00% | ▼ −0.54% | $24.30 (−44.79%) |
US Market Status
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