Form 4: Farhad Fred Ebrahimi Reports Acquisition of Desktop Metal, Inc. Shares Through Put Option
SEC Form 4 Filing
Farhad Fred Ebrahimi, a director and 10% owner of Desktop Metal, Inc., reported acquiring 4,750 shares of common stock through a put option on July 31, 2024.
Summary
- On July 31, 2024, Farhad Fred Ebrahimi acquired 4,750 shares of Desktop Metal, Inc. (DM) common stock.
- The acquisition was made through the exercise of a put option with a strike price of $15.
- The shares were acquired indirectly.
- Following the transaction, Ebrahimi's indirectly held beneficial ownership includes 779,780 shares through Infinity Trusts Investment LLC, 1,168,308 shares through Shiraz Capital LLC, 591,461 shares through Corcaigh LLC, 3,028,875 shares through Crescent River LLC, 66,560 shares through Havana 2020 GRAT, 72,542 shares through Elstead 2020 GRAT and 151,030 shares through Farhad F Ebrahimi Roth IRA.
- Ebrahimi also indirectly owns 33,600 derivative securities through Infinity Trusts Investment LLC.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it reflects insider activity.
- The filing ensures transparency for stakeholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 05/26/2023 | Date Exercisable of PUT Option |
| 05/30/2023 | Power of Attorney granting Brad Nelson authority to act as attorney-in-fact for Farhad Fred Ebrahimi was filed as Exhibit A to a Form 13D |
| 07/31/2024 | Transaction Date: Acquisition of shares through put option. |
| 07/31/2024 | Date of PUT Option (Obligation to Buy) |
| 08/02/2024 | Signature date of the Form 4 filing. |
| 01/17/2025 | Expiration Date of PUT Option |
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