Desktop Metal, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

STOCK BASED COMPENSATION (Tables)

STOCK BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2023

The option activity of the Plans for the six months ended June 30, 2023, is as follows (shares in thousands):


				Weighted-Average
		Weighted-Average		Remaining	Aggregate
	Number of	Exercise Price		Contractual Term	Intrinsic Value
	Shares	per Share		(in years)	(in thousands)
Outstanding at January 1, 2023	8,423	$	1.83	6.02	$	922
Exercised	(968)	$	1.20
Forfeited/expired	(1,024)	$	2.40
Outstanding at June 30, 2023	6,431	$	1.83	5.50		2,167
Options vested at June 30, 2023	5,635	$	1.89	5.29		1,875
Options vested or expected to vest at June 30, 2023	6,426	$	1.83	5.50		2,166

RSU activity under the Plan

The activity for stock subject to vesting as of June 30, 2023, is as follows (shares in thousands):


	Shares Subject	Weighted-Average
	to Vesting	Grant Date Fair Value
Balance of unvested shares as of January 1, 2023	102	$ 8.78
Vested	(76)	$ 2.09
Balance of unvested shares as of June 30, 2023	26

Schedule of RSU activity

RSU activity under the 2020 Plan for the six months ended June 30, 2023, is as follows (shares in thousands):


	Shares Subject	Weighted-Average
	to Vesting	Grant Date Fair Value
Balance of unvested shares as of January 1, 2023	22,145	$ 4.15
Granted	8,833	$ 1.87
Vested	(3,075)	$ 5.00
Cancelled/Forfeited	(1,740)	$ 4.64
Balance of unvested shares as of June 30, 2023	26,163

Schedule of stock-based compensation expense

Total stock-based compensation expense related to all of the Company’s stock-based awards granted is reported in the condensed consolidated statements of operations as follows (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Research and development	$	4,673	$	12,797	$	8,950	$	17,517
General and administrative expense		3,649		4,362		7,617		7,782
Sales and marketing expense		791		1,388		1,179		2,673
Cost of sales		590		671		1,270		1,158
Total stock-based compensation expense	$	9,703	$	19,218	$	19,016	$	29,130