Form 4: Farhad Fred Ebrahimi Reports Changes in Beneficial Ownership of Desktop Metal, Inc. (DM)

Farhad Fred Ebrahimi, a director and 10% owner of Desktop Metal, Inc., filed a Form 4 detailing changes in beneficial ownership due to transactions involving common stock and put options.

Summary

• On July 16, 2024, Farhad Fred Ebrahimi reported transactions involving Desktop Metal, Inc. (DM) common stock and put options.
• These transactions were executed indirectly through various entities including Crescent River LLC, Elstead 2020 GRAT, Shiraz Capital LLC, Corcaigh LLC, Infinity Trusts Investment LLC, Havana 2020 GRAT, and Farhad F Ebrahimi Roth IRA.
• The transactions involved the acquisition of common stock at prices of $10 and $15.
• The transactions also involved put options with an exercise price of $15, expiring on January 16, 2026, and January 17, 2025.
• Following the reported transactions, Ebrahimi's indirect beneficial ownership includes 3,007,045 shares held by Crescent River LLC, 72,542 shares held by Elstead 2020 GRAT, 1,164,668 shares held by Shiraz Capital LLC, 544,161 shares held by Corcaigh LLC, 746,550 shares held by Infinity Trusts Investment LLC, 66,560 shares held by Havana 2020 GRAT, and 151,030 shares held by Farhad F Ebrahimi Roth IRA.
• Ebrahimi also indirectly owns put options through Crescent River LLC and Elstead 2020 GRAT.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This filing is a routine disclosure required by the SEC for significant shareholders and insiders, providing transparency to the market regarding their transactions in the company's securities.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The transactions may influence investor sentiment, depending on the interpretation of the insider's actions.

Key Dates