Sec Form 3 Filing - Schrenk David @ EVERSPIN TECHNOLOGIES INC - 2023-02-28

Insider filing report for Changes in Beneficial Ownership
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FORM 3
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Schrenk David
2. Issuer Name and Ticker or Trading Symbol
EVERSPIN TECHNOLOGIES INC [ MRAM]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
VP Sales and Business
(Last) (First) (Middle)
C/O EVERSPIN TECHNOLOGIES, INC., 5670 W. CHANDLER BOULEVARD, SUITE 130
3. Date of Earliest Transaction (MM/DD/YY)
02/28/2023
(Street)
CHANDLER, AZ85226
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 24,609 ( 1 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $ 8.52 ( 2 ) 08/19/2028 Common Stock 2,110 D
Stock Option (Right to Buy) $ 6.86 ( 3 ) 08/25/2029 Common Stock 3,057 D
Stock Option (Right to Buy) $ 2.23 ( 4 ) 03/23/2030 Common Stock 7,292 D
Stock Option (Right to Buy) $ 2.56 ( 5 ) 04/06/2030 Common Stock 1,209 D
Stock Option (Right to Buy) $ 5.62 ( 6 ) 08/05/2031 Common Stock 12,500 D
Stock Option (Right to Buy) $ 8.17 ( 7 ) 03/13/2032 Common Stock 15,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Schrenk David
C/O EVERSPIN TECHNOLOGIES, INC.
5670 W. CHANDLER BOULEVARD, SUITE 130
CHANDLER, AZ85226
VP Sales and Business
Signatures
/s/ Anthony Griff, Attorney-in-Fact 03/07/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Includes 22,043 shares subject to unvested restricted stock units.
( 2 )Fully vested.
( 3 )The option vested as to 25% of the shares on August 26, 2020, and the remainder vest in 36 equal monthly increments thereafter. The option becomes fully exercisable on August 26, 2023. The original grant was for 6,986 shares, of which 3,929 shares have been exercised.
( 4 )The option vested as to 25% of the shares on March 24, 2021, and the remainder vest in 36 equal monthly increments thereafter. The option becomes fully exercisable on March 24, 2024. The original grant was for 12,500 shares, of which 5,208 shares have been exercised.
( 5 )The option vested as to 25% of the shares on April 7, 2021, and the remainder vest in 36 equal monthly increments thereafter. The option becomes fully exercisable on April 7, 2024. The original grant was for 2,000 shares, of which 791 shares have been exercised.
( 6 )The option vested as to 25% of the shares on March 10, 2022, and the remainder vest in 36 equal monthly increments thereafter. The option becomes fully exercisable on March 10, 2025.
( 7 )The option vested as to 25% of the shares on February 28, 2023, and the remainder vest in 36 equal monthly increments thereafter. The option becomes fully exercisable on February 28, 2026.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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