Director Glen Hawk sold 48,563 shares (55.1% of holdings) for $1,843,109.15 on 2026-05-15
Glen Hawk, a director at Everspin Technologies, executed 4 separate sales totaling 48,563 shares for $1,843,109.15 at prices ranging from $37.10 to $39.97, reducing his holdings by 55.1% from 88,114 shares to 39,551 shares. The sale occurred at a blended average price of $37.95, near the current price of $37.57. The timing follows a dramatic 30-day rally of 218.1% and a 90-day surge of 240.6%, placing the stock at -27.0% from its 52-week high of $51.50. Despite the company's 9.5% annual revenue growth, Everspin remains unprofitable with negative net income of $-296,000.00 in the latest quarter and carries an extreme P/E of 3757.00, reflecting minimal earnings on which to value the stock. This large reduction in director ownership by a substantial shareholder warrants investor scrutiny of the board's confidence in near-term prospects.