Form 4: Farhad Fred Ebrahimi Reports Acquisition of Desktop Metal Shares and Derivative Position

Farhad Fred Ebrahimi, a director and 10% owner of Desktop Metal, Inc., reported acquiring 10,190 shares of common stock at $15 and a corresponding PUT option.

Summary

• On September 5, 2024, Farhad Fred Ebrahimi, a director and 10% owner of Desktop Metal, Inc. [DM], reported a transaction involving the company's common stock.
• Ebrahimi acquired 10,190 shares of common stock at a price of $15 per share.
• Additionally, Ebrahimi acquired a PUT option (obligation to buy) for 10,190 shares with an exercise price of $15, expiring on January 17, 2025.
• Following the reported transaction, Ebrahimi directly owns no shares but indirectly owns 671,931 shares through Corcaigh LLC, 1,199,128 through Shiraz Capital LLC, 859,440 through Infinity Trusts Investment LLC, 3,194,555 through Crescent River LLC, 66,560 through Havana 2020 GRAT, 75,282 through Elstead 2020 GRAT and 151,030 through Farhad F Ebrahimi Roth IRA.
• He also indirectly owns 121,500 PUT options through Corcaigh LLC.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a reporting of transactions. The acquisition of shares could be seen as slightly positive, but the PUT option introduces a mixed signal.

Positives

• The acquisition of shares by a director could be interpreted as a positive signal about the company's prospects.

Industry Context

Insider transactions are closely monitored as they can provide insights into management's perspective on the company's value and future prospects. The acquisition of shares and a PUT option by a director is a notable event for investors.

Stakeholder Impact

• The transaction could influence investor sentiment regarding Desktop Metal's stock.

Key Dates