Peter W. Sonsini - 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, 16:45:29 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

Peter W. Sonsini filed Form 4 for Desktop Metal, Inc. (DM) on 10 Jun 2021.

Key facts

  • This page summarizes Peter W. Sonsini'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, 16:45.

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
+3,531
Change %
Price
$0.000000
Shares after
3,531
Date
08 Jun 2021
Ownership
See Note 7
Footnotes
F6, F7
DM transaction

Class A Common Stock

Other

Transaction value
$0
Shares
+54
Change %
Price
$0.000000
Shares after
54
Date
08 Jun 2021
Ownership
See Note 9
Footnotes
F8, F9
DM transaction

Class A Common Stock

Other

Transaction value
$0
Shares
+54
Change %
Price
$0.000000
Shares after
54
Date
08 Jun 2021
Ownership
See Note 11
Footnotes
F10, F11
DM transaction

Class A Common Stock

Other

Transaction value
$0
Shares
+54
Change %
Price
$0.000000
Shares after
54
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

Peter W. Sonsini 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

Peter W. Sonsini and Diane C. Sonsini, as trustees of the Peter & Diane Sonsini Family Trust dated January 17, 2007 (the "Sonsini Family Trust"), received 3,531 shares of Class A Common Stock of the Issuer in the distribution by NEA Partners 15 on June 8, 2021.

Footnote F7

The Reporting Person is a trustee of the Sonsini Family 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 Sonsini Family Trust in which the Reporting Person has no pecuniary interest.

Footnote F8

Peter W. Sonsini and Diane C. Sonsini, as trustees of the Elsa Katherine Sonsini Trust dated December 5, 2019 (the "Elsa Katherine Sonsini Trust"), received 54 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 Elsa Katherine Sonsini 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 Elsa Katherine Sonsini Trust in which the Reporting Person has no pecuniary interest.

Footnote F10

Peter W. Sonsini and Diane C. Sonsini, as trustees of the Jake Theodore Sonsini Trust dated December 5, 2019 (the "Jake Theodore Sonsini Trust"), received 54 shares of Class A Common Stock of the Issuer in the distribution by NEA Partners 15 on June 8, 2021.

Footnote F11

The Reporting Person is a trustee of the Jake Theodore Sonsini 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 Jake Theodore Sonsini Trust in which the Reporting Person has no pecuniary interest.

Footnote F12

Peter W. Sonsini and Diane C. Sonsini, as trustees of the Louisa Marie Sonsini Trust dated December 5, 2019 (the "Louisa Marie Sonsini Trust"), received 54 shares of Class A Common Stock of the Issuer in the distribution by NEA Partners 15 on June 8, 2021.

Footnote F13

The Reporting Person is a trustee of the Louisa Marie Sonsini 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 Louisa Marie Sonsini Trust in which the Reporting Person has no pecuniary interest.

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