Form 4: Farhad Fred Ebrahimi Reports Beneficial Ownership Changes in Desktop Metal, Inc.
SEC Form 4
Farhad Fred Ebrahimi reports transactions involving Desktop Metal, Inc. stock and put options, indicating changes in beneficial ownership.
Summary
- On September 19, 2024, Farhad Fred Ebrahimi reported changes in beneficial ownership of Desktop Metal, Inc. (DM) stock.
- The transactions involved the acquisition of common stock at prices of $15, $20, and $10 per share.
- Ebrahimi also reported transactions involving put options with an obligation to buy at strike prices of $15, $20 and $10.
- The put options expire on January 17, 2025.
- The report details both direct and indirect ownership through various entities including Corcaigh LLC, Crescent River LLC, Shiraz Capital LLC, Infinity Trusts Investment LLC, Havana 2020 GRAT, Elstead 2020 GRAT, and Farhad F Ebrahimi Roth IRA.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document is a standard SEC filing reporting changes in beneficial ownership. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure related to insider trading and ownership changes, which is common for publicly traded companies like Desktop Metal in the additive manufacturing sector.
Key Dates
| Date | Description |
|---|---|
| 05/05/2023 | Date 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. |
| 06/06/2023 | Date of put option. |
| 08/22/2023 | Date of put option. |
| 04/10/2024 | Date of put option. |
| 09/19/2024 | Date of transaction for stock and put options. |
| 09/23/2024 | Date of signature for the report. |
| 01/17/2025 | Expiration date for put options. |
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