Scott D. Sandell - 08 Jun 2021 Form 4 Insider Report for Desktop Metal, Inc. (DM)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
10 Jun 2021, 16:42:17 UTC
Prior SEC filing
04 Jun 2021
Next SEC filing
23 Jun 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Sasha Keough, attorney-in-fact

Key filing fact

Scott D. Sandell filed Form 4 for Desktop Metal, Inc. (DM) on 10 Jun 2021.

Key facts

  • This page summarizes Scott D. Sandell's Form 4 filing for Desktop Metal, Inc. (DM).
  • 7 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 10 Jun 2021, 16:42.

Change

  • Previous filing in this sequence was filed on 04 Jun 2021.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DM transaction

Class A Common Stock

Other

Transaction value
$0
Shares
-9,000,000
Change %
-32%
Price
$0.000000
Shares after
19,263,413
Date
08 Jun 2021
Ownership
See Note 2
Footnotes
F1, F2
DM transaction

Class A Common Stock

Other

Transaction value
$0
Shares
+135,000
Change %
Price
$0.000000
Shares after
135,000
Date
08 Jun 2021
Ownership
See Note 4
Footnotes
F3, F4
DM transaction

Class A Common Stock

Other

Transaction value
$0
Shares
-135,000
Change %
-100%
Price
$0.000000*
Shares after
0
Date
08 Jun 2021
Ownership
See Note 4
Footnotes
F4, F5
DM transaction

Class A Common Stock

Other

Transaction value
$0
Shares
+806
Change %
Price
$0.000000
Shares after
806
Date
08 Jun 2021
Ownership
See Note 7
Footnotes
F6, F7
DM transaction

Class A Common Stock

Other

Transaction value
$0
Shares
+5,544
Change %
Price
$0.000000
Shares after
5,544
Date
08 Jun 2021
Ownership
See Note 9
Footnotes
F8, F9
DM transaction

Class A Common Stock

Other

Transaction value
$0
Shares
+878
Change %
Price
$0.000000
Shares after
878
Date
08 Jun 2021
Ownership
See Note 11
Footnotes
F10, F11
DM transaction

Class A Common Stock

Other

Transaction value
$0
Shares
+878
Change %
Price
$0.000000
Shares after
878
Date
08 Jun 2021
Ownership
See Note 13
Footnotes
F12, F13
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Scott D. Sandell is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 13 footnotes

Footnote F1

New Enterprise Associates 15, L.P. ("NEA 15") made a pro rata distribution for no consideration of an aggregate of 9,000,000 shares of Class A Common Stock of the Issuer to its general partner and its limited partners on June 8, 2021.

Footnote F2

The Reporting Person is a manager of NEA 15 GP, LLC ("NEA 15 GP"), which is the sole general partner of NEA Partners 15, L.P. ("NEA Partners 15"). NEA Partners 15 is the sole general partner of NEA 15, the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership, within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by NEA 15 in which the Reporting Person has no pecuniary interest.

Footnote F3

NEA Partners 15 received 135,000 shares of Class A Common Stock of the Issuer in the distribution by NEA 15 on June 8, 2021.

Footnote F4

The Reporting Person is a manager of NEA 15 GP, which is the sole general partner of NEA Partners 15, the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership, within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by NEA Partners 15 in which the Reporting Person has no pecuniary interest.

Footnote F5

NEA Partners 15 made a pro rata distribution for no consideration of an aggregate of 135,000 shares of Class A Common Stock of the Issuer to its limited partners on June 8, 2021.

Footnote F6

New Enterprise Associates, LLC ("NEA LLC") received 806 shares of Class A Common Stock of the Issuer in the distribution by NEA 15 on June 8, 2021.

Footnote F7

The Reporting Person is a member of the Board of Directors of NEA LLC, the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by NEA LLC in which the Reporting Person has no pecuniary interest.

Footnote F8

The Reporting Person, as trustee of the Blue Mountain Trust, dated April 29, 2019 (the "Blue Mountain Trust") received 5,544 shares of Class A Common Stock of the Issuer in the distribution by NEA Partners 15 on June 8, 2021.

Footnote F9

The securities are held directly by the Blue Mountain Trust. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by the Blue Mountain Trust in which the Reporting Person has no pecuniary interest.

Footnote F10

Genevieve P. Hardigg, as trustee of the Scott Sandell Rising River Trust, dated December 20, 2012 (the "Scott Sandell Rising River Trust"), received 878 shares of Class A Common Stock of the Issuer in the distribution by NEA Partners 15 on June 8, 2021.

Footnote F11

The securities are held directly by the Scott Sandell Rising River Trust. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by the Scott Sandell Rising River Trust in which the Reporting Person has no pecuniary interest.

Footnote F12

Genevieve P. Hardigg, as trustee of the Jennifer Ayer Sandell Rising River Trust, dated December 20, 2012 (the "Jennifer Sandell Rising River Trust"), received 878 shares of Class Common Stock of the Issuer in the distribution by NEA Partners 15 on June 8, 2021.

Footnote F13

The securities are held directly by the Jennifer Sandell Rising River Trust. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by the Jennifer Sandell Rising River Trust in which the Reporting Person has no pecuniary interest.

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