Form 4: Desktop Metal Executive Thomas Nogueira Reports Stock Transactions
SEC Form 4 Filing
Thomas Nogueira, Chief Operating Officer of Desktop Metal, Inc., reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On July 1, 2024, Thomas Nogueira, the Chief Operating Officer of Desktop Metal, Inc., had 1,708 restricted stock units vest, each representing a contingent right to receive one share of the company's Class A Common Stock.
- Following the vesting, 571 shares of Class A Common Stock were withheld by Desktop Metal, Inc. at a price of $4.07 per share to cover tax withholding obligations.
- After these transactions, Nogueira beneficially owns 46,545 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of restricted stock units vesting and tax withholding. |
| 07/02/2024 | Date of signature on the Form 4 filing. |
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