Everspin shareholders approve amended 2016 equity incentive plan, adding 1.8 million shares

• Everspin held its annual shareholder meeting on May 21, 2026, with investors backing changes to its equity incentive plan.
• Shareholders authorized an amended and restated 2016 Equity Incentive Plan, including an additional 1,800,000 shares for issuance under the plan.
• The plan update also set the maximum shares issuable on incentive stock options at three times the total shares reserved under the amended plan.
• Investors also adopted a provision barring option or stock appreciation right repricings, or cash-outs of underwater awards, without prior shareholder approval.
• Shareholders ratified Ernst & Young as the independent registered public accounting firm for the fiscal year ending Dec. 31, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Everspin Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-037780), on May 22, 2026, and is solely responsible for the information contained therein.