Form 4: Farhad Fred Ebrahimi Reports Beneficial Ownership Changes in Desktop Metal, Inc.
SEC Form 4
Farhad Fred Ebrahimi, a director and 10% owner of Desktop Metal, Inc., reports changes in beneficial ownership of common stock and derivative securities.
Summary
- On August 1, 2024, Farhad Fred Ebrahimi reported transactions involving Desktop Metal, Inc. common stock and put options.
- Ebrahimi acquired 16,220 shares of common stock at $20 through Corcaigh LLC and 56,870 shares at $20 through Crescent River LLC.
- Following these transactions, Ebrahimi's indirect beneficial ownership includes 607,681 shares through Corcaigh LLC, 3,085,745 shares through Crescent River LLC, 1,168,308 shares through Shiraz Capital LLC, 779,780 shares through Infinity Trusts Investment 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 reported transactions involving put options with an exercise price of $20, expiring on January 17, 2025.
- These put options include 12,000 options held through Corcaigh LLC and 4,220 options held through Corcaigh LLC and 56,870 options held through Crescent River LLC.
- Following these transactions, Ebrahimi's indirect beneficial ownership includes 44,810 put options through Corcaigh LLC, 40,590 put options through Corcaigh LLC and 288,280 put options through Crescent River LLC.
Sentiment
Score: 5
Explanation: This is a neutral report of transactions. The sentiment is neither positive nor negative as it simply reflects changes in ownership.
Industry Context
This filing reflects insider activity, which is closely monitored by investors for signals about a company's prospects. Significant changes in ownership by insiders can influence market sentiment.
Stakeholder Impact
- Shareholders may react to the reported changes in beneficial ownership, potentially influencing the stock price.
- The transactions could signal the insider's confidence or lack thereof in the company's future performance.
Key Dates
| Date | Description |
|---|---|
| 05/26/2023 | Date of put option. |
| 05/30/2023 | Date of filing of Power of Attorney granting Brad Nelson authority to act as attorney-in-fact for Farhad Fred Ebrahimi. |
| 06/06/2023 | Date of put option. |
| 08/01/2024 | Date of transactions involving common stock and put options. |
| 08/05/2024 | Date of signature by Brad Nelson as Attorney in Fact for Farhad Fred Ebrahimi. |
| 01/17/2025 | Expiration date of put options. |
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