secwatch.observer — SEC 8-K summary
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Issuer:     EVERSPIN TECHNOLOGIES INC. (MRAM)
CIK:        0001438423
Form:       8-K
Filed at:   2022-05-12T23:59:59+00:00
Accession:  0001104659-22-059468
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Everspin grants corrective RSUs to executives to fix prior under-allotment
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- Executive Chairman Darin Billerbeck and CEO Sanjeev Aggarwal each granted 25,802 RSUs.
- CFO Anuj Aggarwal granted 23,721 RSUs.
- Billerbeck's RSUs vest monthly over 7 months from June 1, 2022; Aggarwals' vest 25% annually over 4 years.
- Grants correct administrative error from March 14, 2022 that under-allotted RSUs.
- No new compensation beyond corrective shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1438423/000110465922059468/0001104659-22-059468-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1438423/000110465922059468/tm2215349d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-059468

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer