Form 4: Farhad Fred Ebrahimi Reports Changes in Beneficial Ownership of Desktop Metal, Inc. (DM)
SEC Form 4
Farhad Fred Ebrahimi, a director and 10% owner of Desktop Metal, Inc., filed a Form 4 disclosing several transactions involving common stock and put options.
Summary
- On July 30, 2024, Farhad Fred Ebrahimi reported changes in beneficial ownership of Desktop Metal, Inc.
- The transactions involved the acquisition of common stock at prices of $10, $15, and $20.
- These acquisitions were made indirectly through several LLCs and trusts, including Corcaigh LLC, Infinity Trusts Investment LLC, Crescent River LLC, Shiraz Capital LLC, Havana 2020 GRAT, Elstead 2020 GRAT, and Farhad F Ebrahimi Roth IRA.
- Ebrahimi also reported transactions involving put options with an exercise price of $15 and $20, expiring on January 17, 2025.
- These put options are held indirectly through Corcaigh LLC, Infinity Trusts Investment LLC and Crescent River LLC.
- Following these transactions, Ebrahimi's total indirect beneficial ownership includes significant holdings of common stock through various entities.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting transactions. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the investment decisions of a key insider.
Key Dates
| Date | Description |
|---|---|
| 05/05/2023 | Date of put option transaction |
| 05/17/2023 | Date of put option transaction |
| 05/18/2023 | Date of put option transaction |
| 05/26/2023 | Date of put option transaction |
| 09/25/2023 | Date of put option transaction |
| 04/10/2024 | Date of put option transaction |
| 04/12/2024 | Date of put option transaction |
| 07/30/2024 | Date of reported transactions (common stock and put options) |
| 08/01/2024 | Signature date of the Form 4 |
| 01/17/2025 | Expiration date of put options |
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