4//SEC Filing
IMMELT JEFFREY R 4
Accession 0001415889-25-010190
CIK 0001754820other
Filed
Apr 3, 8:00 PM ET
Accepted
Apr 4, 4:05 PM ET
Size
12.3 KB
Accession
0001415889-25-010190
Insider Transaction Report
Form 4
IMMELT JEFFREY R
Director
Transactions
- Exercise/Conversion
Class A Common Stock
2025-04-02+28,571→ 46,514 total - Disposition to Issuer
Stock Option
2025-04-02−39,078→ 0 totalExercise: $24.57Exp: 2028-05-10→ Class A Common Stock (39,078 underlying) - Disposition to Issuer
Class A Common Stock
2025-04-02−46,514→ 0 total - Exercise/Conversion
Restricted Stock Units
2025-04-02−28,571→ 0 total→ Class A Common Stock (28,571 underlying)
Footnotes (4)
- [F1]The non-employee directors' restricted stock units that were outstanding immediately prior to the consummation of the merger were vested, converted into the Issuer's Class A Common Stock, cancelled and converted into the right to receive the Per Share Merger Consideration.
- [F2]Pursuant to the Agreement and Plan of Merger, dated as of July 2, 2024 (the "Merger Agreement"), by and among Desktop Metal, Inc. (the "Issuer"), Nano Dimension Ltd., an Israeli company ("Nano"), and Nano US I, Inc., a Delaware corporation and an indirect wholly owned subsidiary of Nano ("Merger Sub"), on April 2, 2025 (the "Effective Time"), Merger Sub merged with and into the Issuer, with the Issuer surviving the merger as an indirect wholly owned subsidiary of Nano. At the Effective Time, each outstanding share of Class A Common Stock was cancelled and converted into the right to receive $5.295 in cash, without interest (the "Per Share Merger Consideration").
- [F3]Each restricted stock unit represents a contingent right to receive one shares of the Issuer's Class A Common Stock.
- [F4]Pursuant to the Merger Agreement, at the Effective Time, each outstanding option was cancelled and converted into the right to receive an amount of cash equal to the product of (i) the excess of the Per Share Merger Consideration over the per share exercise price of such option, multiplied by (ii) the number of shares of common stock subject to the vested portion of the option immediately prior to the Effective Time, without interest and less applicable tax withholdings. Any options that have a per share exercise price equal to or exceeding the Per Share Merger Consideration were cancelled for no consideration.
Documents
Issuer
Desktop Metal, Inc.
CIK 0001754820
Entity typeother
Related Parties
1- filerCIK 0001233164
Filing Metadata
- Form type
- 4
- Filed
- Apr 3, 8:00 PM ET
- Accepted
- Apr 4, 4:05 PM ET
- Size
- 12.3 KB