Form 4: Farhad Fred Ebrahimi Reports Acquisition of Desktop Metal Shares and Put Option

Farhad Fred Ebrahimi, a director and 10% owner of Desktop Metal, Inc., reported acquiring 184,500 shares of common stock and a corresponding put option.

Summary

• On May 13, 2024, Farhad Fred Ebrahimi acquired 184,500 shares of Desktop Metal, Inc. common stock at a price of $2 per share.
• The transaction also involved the acquisition of a put option obligating Ebrahimi to buy 184,500 shares.
• Following the reported transaction, Ebrahimi beneficially owns 24,501,754 shares indirectly through various entities.
• These entities include Crescent River LLC (24,501,754 shares), Shiraz Capital LLC (11,447,185 shares), Corcaigh LLC (4,675,511 shares), Infinity Trusts Investment LLC (6,705,700 shares), Havana 2020 GRAT (665,600 shares), Elstead 2020 GRAT (583,421 shares), and Farhad F Ebrahimi Roth IRA (1,210,300 shares).
• The put option, with an exercise price of $2, was acquired on May 13, 2024, is exercisable from April 8, 2024, and expires on January 17, 2025.
• The put option is indirectly owned by Crescent River LLC, covering 184,500 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by a director could be seen as a vote of confidence, but the put option introduces a hedging element.

Positives

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

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. The acquisition of shares and put options by a significant shareholder is noteworthy and may be of interest to investors.

Stakeholder Impact

• The transaction could influence shareholder sentiment regarding the company's prospects.

Key Dates