Jason M. Cole - 01 Nov 2023 Form 4 Insider Report for Desktop Metal, Inc. (DM)

Role: CFO & TREASURER
Signature: /s/ Meg Broderick
Issuer symbol: DM
Transactions as of: 01 Nov 2023
Net transactions value: -$89,811
Form type: 4
Filing time: 03 Nov 2023, 16:05:41 UTC
Previous filing: 02 Mar 2023
Next filing: 29 Nov 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DM	Class A Common Stock	Options Exercise		+375,000	+1157%		407,401	01 Nov 2023	Direct	F1
transaction	DM	Class A Common Stock	Tax liability	$89,811	-110,063	-27%	$0.8160	297,338	01 Nov 2023	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	$0	-375,000	-100%	$0.000000^*	0	01 Nov 2023	Class A Common Stock	375,000		Direct	F1, F3

* 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.
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.
F3	The restricted stock units vested on November 1, 2023. The restricted stock units have no expiration date.