Billow Steven A. 4
4 · Desktop Metal, Inc. · Filed Dec 11, 2020
Insider Transaction Report
Form 4
Billow Steven A.
President
Transactions
- Award
Stock Option
2020-12-09+763,261→ 763,261 totalExercise: $1.41Exp: 2029-02-28→ Class A Common Stock (763,261 underlying) - Award
Stock Option
2020-12-09+457,956→ 457,956 totalExercise: $3.35Exp: 2029-02-28→ Class A Common Stock (457,956 underlying) - Award
Stock Option
2020-12-09+457,957→ 457,957 totalExercise: $1.41Exp: 2030-06-10→ Class A Common Stock (457,957 underlying)
Footnotes (4)
- [F1]The stock option vests with respect to 25% of the underlying shares on September 1, 2021 and vests with respect to the remaining shares in 36 equal monthly installments thereafter.
- [F2]Pursuant to the business combination of Trine Acquisition Corp. and Desktop Metal, Inc. ("Old Desktop"), each share of Old Desktop outstanding common and preferred stock were automatically converted into the right to receive shares of the Issuer's Class A Common Stock based on a 1-to-1.221218442 conversion ratio (the "Conversion Ratio"). In addition, each outstanding Old Desktop equity award was automatically converted into a corresponding equity award of the Issuer based on the Conversion Ratio and with the same terms and vesting conditions as the Old Desktop equity awards.
- [F3]The stock option is fully vested.
- [F4]The stock option vests with respect to 25% of the underlying shares on May 1, 2021 and with respect to the remaining shares in 36 equal monthly installments thereafter.