Form 4: Farhad Fred Ebrahimi Reports Transaction in Desktop Metal, Inc. (DM)
SEC Form 4 Filing
Farhad Fred Ebrahimi reports acquisition of Desktop Metal, Inc. shares through a put option exercise and updates beneficial ownership.
Summary
- On June 24, 2024, Farhad Fred Ebrahimi reported a transaction in Desktop Metal, Inc. (DM).
- The transaction involved the acquisition of 3,980 shares of Common Stock at a price of $25.
- This acquisition was related to the exercise of a PUT Option (Obligation to Buy).
- Following the reported transaction, Ebrahimi's total beneficially owned securities include direct and indirect holdings.
- Indirect holdings are through various entities including Infinity Trusts Investment LLC, Shiraz Capital LLC, Corcaigh LLC, Crescent River LLC, Havana 2020 GRAT, Elstead 2020 GRAT, and Farhad F Ebrahimi Roth IRA.
- Ebrahimi also indirectly owns 9,860 derivative securities through Infinity Trusts Investment LLC.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency regarding the ownership of Desktop Metal, Inc. shares by a significant shareholder. It does not provide specific insights into the company's operational performance or strategic direction.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 05/30/2023 | Filing of Power of Attorney granting Brad Nelson authority to act as attorney-in-fact for Farhad Fred Ebrahimi. |
| 07/17/2023 | Date the PUT Option (Obligation to Buy) became exercisable. |
| 06/24/2024 | Date of transaction: Acquisition of 3,980 shares of Common Stock via PUT Option. |
| 06/26/2024 | Date of signature of the report by Brad Nelson as Attorney in Fact for Farhad Fred Ebrahimi. |
| 01/17/2025 | Expiration date of the PUT Option (Obligation to Buy). |
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