EVERSPIN TECHNOLOGIES INC

Trading Arrangements of Directors and Executive Officers.

None of our directors or executive officers adopted, modified, orterminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement (as defined under Item 408(a) of Regulation S-K) during the quarter ended December 31, 2023.

Election of a Director.

On February 26, 2024, Douglas Mitchell was elected as a member of our board of directors. Mr. Mitchell was appointed to serve on our Nominating and Corporate Governance Committee, effective immediately. There is no arrangement or understanding between Mr. Mitchell and any other person pursuant to which he was selected as a director. Mr. Mitchell does nothave any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. We will enter into our standard indemnification and standard non-disclosure agreement with Mr. Mitchell.

Mr. Mitchell will participate in our non-employee director compensation program. In connection with Mr. Mitchell’s election to our board of directors, Mr. Mitchell will be granted an initial RSU award with a grant value of $250,000, which will vest 50% on each of the first and second anniversary from the date of grant. Mr. Mitchell will also receive an annual cash retainer of $55,000 for his service on our board of directors.