Form 4: Farhad Fred Ebrahimi Reports Transactions in Desktop Metal, Inc. (DM)
SEC Form 4
Farhad Fred Ebrahimi, a director and 10% owner of Desktop Metal, Inc., reports acquisition and disposal of common stock and put options.
Summary
- On July 15, 2024, Farhad Fred Ebrahimi reported transactions involving Desktop Metal, Inc. (DM) common stock and put options.
- Ebrahimi acquired 10,110 shares of common stock at $15 through Shiraz Capital LLC.
- He also acquired 700 shares at $15 through By Corcaigh LLC and 31,380 shares at $20 through Crescent River LLC.
- The filing also indicates the disposal of put options related to these transactions.
- Following these transactions, Ebrahimi's indirect beneficial ownership includes 1,164,668 shares through Shiraz Capital LLC, 544,161 shares through By Corcaigh LLC, and 2,934,585 shares through Crescent River LLC.
- Additional indirect holdings are reported through Infinity Trusts Investment LLC (746,550 shares), Havana 2020 GRAT (66,560 shares), Elstead 2020 GRAT (71,912 shares), and Farhad F Ebrahimi Roth IRA (151,030 shares).
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard SEC filing reporting transactions. There's no inherent positive or negative implication without further context.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't provide specific insights into broader industry trends. However, monitoring insider activity can offer clues about management's sentiment towards the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 11/06/2023 | Expiration date of PUT Option (Obligation to Buy) for 10,110 shares |
| 04/10/2024 | Expiration date of PUT Option (Obligation to Buy) for 700 shares |
| 06/06/2023 | Expiration date of PUT Option (Obligation to Buy) for 31,380 shares |
| 07/15/2024 | Date of transaction for common stock and put options |
| 07/17/2024 | Date of signature for the report |
| 01/16/2026 | Expiration date of PUT Option (Obligation to Buy) for 10,110 shares |
| 01/17/2025 | Expiration date of PUT Option (Obligation to Buy) for 700 shares and 31,380 shares |
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