Arjun Aggarwal - Dec 1, 2022 Form 4 Insider Report for Desktop Metal, Inc. (DM)

Role
EVP, CORPORATE DEVELOPMENT
Signature
/s/ Meg Broderick, Attorney-in-Fact
Stock symbol
DM
Transactions as of
Dec 1, 2022
Transactions value $
-$1,443
Form type
4
Date filed
12/2/2022, 03:05 PM
Previous filing
Oct 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DM Class A Common Stock Options Exercise +2.48K +28.31% 11.3K Dec 1, 2022 Direct F1
transaction DM Class A Common Stock Tax liability -$1.44K -729 -6.48% $1.98 10.5K Dec 1, 2022 Direct F2

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 DM Restricted Stock Units Options Exercise -2.48K -9.09% 24.8K Dec 1, 2022 Class A Common Stock 2.48K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Class A Common Stock for each RSU. 25% of the RSUs vested on June 1, 2022, with the remaining restricted stock units vesting in equal quarterly installments over the following three year period provided that the Reporting Person remains in continuous service on each vesting date. The restricted stock units have no expiration date.
F2 Represents shares of Class A Common Stock withheld by Desktop Metal, Inc. to cover tax withholding obligations in connection with the vesting of restricted stock units.