Form 4: Farhad Fred Ebrahimi Reports Beneficial Ownership Changes in Desktop Metal, Inc.
Sentiment:
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 June 11, 2024, Farhad Fred Ebrahimi reported transactions involving Desktop Metal, Inc. common stock and put options.
- These transactions were executed at a price of $20 per share.
- Ebrahimi's reported holdings include shares held directly and indirectly through various entities such as Shiraz Capital LLC, Crescent River LLC, Corcaigh LLC, Infinity Trusts Investment LLC, Havana 2020 GRAT, Elstead 2020 GRAT, and Farhad F Ebrahimi Roth IRA.
- The reported transactions involve the acquisition of common stock and put options.
- A 1-for-10 reverse stock split occurred on June 10, 2024, affecting the number of shares held.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting changes in beneficial ownership, which carries a neutral sentiment.
Stakeholder Impact
- Shareholders may be interested in the changes in ownership reported by a significant shareholder.
Key Dates
| Date | Description |
|---|---|
| 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. |
| 04/08/2024 | Date exercisable for PUT Option (Obligation to Buy). |
| 04/12/2024 | Date exercisable for PUT Option (Obligation to Buy). |
| 06/10/2024 | A 1-for-10 reverse split of the common stock of Desktop Metal, Inc. occurred. |
| 06/11/2024 | Date of transaction for common stock and PUT Option (Obligation to Buy). |
| 06/13/2024 | Date of signature for the report. |
| 01/17/2025 | Expiration date for PUT Option (Obligation to Buy). |
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