Form 4: Desktop Metal Executive Awarded Restricted Stock Units

Jonah Myerberg, Chief Technology Officer of Desktop Metal, Inc., was granted 689,655 restricted stock units on March 27, 2024, which will vest over a four-year period.

Summary

• On March 27, 2024, Jonah Myerberg, the Chief Technology Officer of Desktop Metal, Inc. [DM], was granted 689,655 restricted stock units (RSUs).
• These RSUs represent a contingent right to receive shares of the company's Class A Common Stock.
• The vesting schedule for the RSUs is as follows: 25% will vest on March 27, 2025, and the remaining units will vest in equal quarterly installments over the subsequent three years.
• The RSUs have no expiration date.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects standard executive compensation practices, incentivizing long-term commitment. There are no immediate negative implications.

Positives

• The grant of restricted stock units to a key executive like the CTO can be seen as a way to incentivize and retain talent.
• The vesting schedule aligns the executive's interests with the long-term performance of the company.

Future Outlook

The vesting schedule suggests a commitment to the company's future over the next four years from the CTO.

Industry Context

Equity compensation is a common practice in the technology industry to attract and retain key personnel. The size and vesting schedule of the grant are typical for executive compensation packages.

Comparison to Industry Standards

• Stock grants are a standard component of compensation packages for executives in publicly traded technology companies.
• Companies like Stratasys and 3D Systems also utilize stock options and restricted stock units to incentivize their leadership teams.
• The vesting schedule of 25% after one year followed by quarterly vesting is a common structure to ensure long-term commitment.

Stakeholder Impact

• Shareholders may view this as a positive incentive for the CTO to drive company growth.
• Employees may see this as a sign of confidence in the company's future.

Key Dates