Forest Baskett - 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, 16:38:48 UTC
Prior SEC filing
26 May 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

Forest Baskett filed Form 4 for Desktop Metal, Inc. (DM) on 10 Jun 2021.

Key facts

  • This page summarizes Forest Baskett's Form 4 filing for Desktop Metal, Inc. (DM).
  • 5 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 10 Jun 2021, 16:38.

Change

  • Previous filing in this sequence was filed on 26 May 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
+7,333
Change %
Price
$0.000000
Shares after
7,333
Date
08 Jun 2021
Ownership
See Note 9
Footnotes
F8, F9
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

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

Explanation of responses 9 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 Baskett-McKay Family Trust dtd 3/12/14 (the "Baskett Trust") received 7,333 shares of Class A Common Stock of the Issuer in the distribution by NEA Partners 15 on June 8, 2021.

Footnote F9

The Reporting Person is a trustee of the Baskett Trust, which is the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the 1934 Act, as amended, or otherwise of such portion of the securities held by the Baskett Trust in which the Reporting Person has no pecuniary interest.

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