Form 4: Farhad Fred Ebrahimi Reports Beneficial Ownership Changes in Desktop Metal, Inc.
SEC Form 4
Farhad Fred Ebrahimi, a director of Desktop Metal, Inc., reports changes in beneficial ownership of common stock and derivative securities through various trusts and entities.
Summary
- On September 9, 2024, Farhad Fred Ebrahimi reported transactions involving Desktop Metal, Inc. common stock and put options.
- These transactions were conducted through various entities including Infinity Trusts Investment LLC, Crescent River LLC, Shiraz Capital LLC, Corcaigh LLC, Havana 2020 GRAT, Elstead 2020 GRAT, and Farhad F Ebrahimi Roth IRA.
- The reported transactions include the acquisition of 1,000 shares of common stock at $15 and 4,470 shares at $20 by Infinity Trusts Investment LLC and Crescent River LLC respectively.
- Additionally, 220 shares of common stock were acquired at $15 by Crescent River LLC.
- Ebrahimi also reported beneficial ownership of common stock through Shiraz Capital LLC (1,199,128 shares), Corcaigh LLC (671,931 shares), Havana 2020 GRAT (66,560 shares), Elstead 2020 GRAT (75,282 shares), and Farhad F Ebrahimi Roth IRA (151,030 shares).
- The filing also details transactions in put options with varying exercise prices and expiration dates, held through Infinity Trusts Investment LLC and Crescent River 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 changes in beneficial ownership by a company insider, which is a common practice in publicly traded companies. It provides transparency to the market regarding the trading activities of key individuals.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider trading activities.
- It may influence investor perception of the company based on the reported transactions.
Key Dates
| Date | Description |
|---|---|
| 05/25/2023 | Date of put option which expired 01/17/2025 |
| 05/30/2023 | Date 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. |
| 07/18/2023 | Date of put option which expired 01/17/2025 |
| 04/12/2024 | Date of put option which expired 01/16/2026 |
| 09/09/2024 | Date of the reported transactions involving common stock and put options. |
| 09/11/2024 | Date of signature of the report. |
| 01/16/2026 | Expiration date of put option. |
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