John Hartner - Nov 12, 2021 Form 4 Insider Report for ExOne Co (XONE)

Role: Chief Executive Officer
Signature: /s/ John Hartner
Stock symbol: XONE
Transactions as of: Nov 12, 2021
Transactions value $: -$681,170
Form type: 4
Date filed: 11/16/2021, 11:16 AM
Previous filing: Aug 16, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XONE	Common Stock, par value $0.01	Disposed to Issuer		-57.7K	-49.89%		57.9K	Nov 12, 2021	Direct	F1
transaction	XONE	Common Stock, par value $0.01	Tax liability	-$452K	-16.9K	-29.21%	$26.70	41K	Nov 12, 2021	Direct	F2
transaction	XONE	Common Stock, par value $0.01	Disposed to Issuer		-27.1K	-66.05%		13.9K	Nov 12, 2021	Direct	F3
transaction	XONE	Common Stock, par value $0.01	Tax liability	-$143K	-5.35K	-38.45%	$26.70	8.57K	Nov 12, 2021	Direct	F2
transaction	XONE	Common Stock, par value $0.01	Disposed to Issuer		-8.57K	-100%		0	Nov 12, 2021	Direct	F3
transaction	XONE	Common Stock, par value $0.01	Award	$0	+8.43K		$0.00	8.43K	Nov 12, 2021	Direct	F4
transaction	XONE	Common Stock, par value $0.01	Tax liability	-$86.5K	-3.24K	-38.45%	$26.70	5.19K	Nov 12, 2021	Direct	F5
transaction	XONE	Common Stock, par value $0.01	Disposed to Issuer		-5.19K	-100%		0	Nov 12, 2021	Direct	F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	XONE	Stock Option (right to buy)	Disposed to Issuer		-100K	-100%		0	Nov 12, 2021	Common Stock	100K	$9.67	Direct	F6
transaction	XONE	Stock Option (right to buy)	Disposed to Issuer		-100K	-100%		0	Nov 12, 2021	Common Stock	100K	$7.11	Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

John Hartner is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	On November 12, 2021, Desktop Metal, Inc., a Delaware corporation ("Desktop Metal"), acquired The ExOne Company, a Delaware corporation ("ExOne") pursuant to that certain Agreement and Plan of Merger, dated August 11, 2021, by and among ExOne, Desktop Metal, Texas Merger Sub I, Inc., a wholly owned subsidiary of Desktop Metal, and Texas Merger Sub II, LLC, a wholly owned subsidiary of Desktop Metal (the "Merger Agreement"). The acquisition is more fully described in ExOne's definitive proxy statement filed with the Securities and Exchange Commission on October 8, 2021. In accordance with the terms of the Merger Agreement, each share of ExOne's common stock (the "ExOne Shares") was exchanged for 2.1416 shares (the "Exchange Ratio") of Desktop Metal Class A common stock ("DM Common Stock") plus $8.50 in cash (together, the "Merger Consideration"). Each transaction reported in this Form 4 is an exempt transaction.
F2	Withholding and disposition for taxes on restricted stock.
F3	Each award of restricted shares of ExOne subject to the ExOne Change of Control Severance Plan ("ExOne COC RSAs") vested and were cancelled and the holder of such ExOne COC RSA received the Merger Consideration.
F4	Each award granted under the 2021 Executive Stock Performance Program was converted into ExOne Shares (the "ESPP Award"), with the shares subject to such ESPP Award becoming vested and such vested shares were cancelled and the holder received the Merger Consideration.
F5	Withholding and disposition of shares for taxes on ESPP Awards.
F6	Each outstanding vested option to purchase ExOne Shares was cancelled and the holder thereof became entitled to receive the excess of the Merger Consideration over the aggregate exercise price of such ExOne vested option, so long as such ExOne vested option's exercise price was less than the Merger Consideration, less applicable tax withholdings.