Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 10, 2022, the compensation committee of the board of directors of Everspin Technologies, Inc. (the "Company") granted the following restricted stock units ("RSUs") to the named executive officers of the Company:

Name                                                                     Number of RSUs granted
Darin Billerbeck, Executive Chairman of the Board                                         25,802 (1)
Sanjeev Aggarwal, President and Chief Executive Officer                                   25,802 (2)
Anuj Aggarwal , Chief Financial Officer                                                   23,721 (2)

(1) The RSUs vest in seven equal monthly installments starting on June 1, 2022.

(2) The RSUs vest 25% per year over four years on each of January 1, 2023, 2024, 2025 and 2026.

These additional RSUs were granted to the named executive officers to compensate for incomplete awards of RSUs that were previously granted on March 14, 2022 as disclosed in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on March 2, 2022 due to an administrative error that resulted in less RSUs granted than were originally approved.

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