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)

9 Months Ended

Sep. 30, 2023

The option activity of the Plans for the nine months ended September 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	(1,006)	$	1.20
Forfeited/expired	(1,126)	$	2.41
Outstanding at September 30, 2023	6,291	$	1.83	5.24		989
Options vested at September 30, 2023	5,693	$	1.86	5.08		954
Options vested or expected to vest at September 30, 2023	6,287	$	1.83	5.24		989

Schedule of RSU activity under the Plan

The activity for stock subject to vesting as of September 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	(85)	$ 8.78
Balance of unvested shares as of September 30, 2023	17	$ 8.78

Schedule of RSU activity

RSU activity under the 2020 Plan for the nine months ended September 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	9,677	$ 1.86
Vested	(4,062)	$ 5.28
Cancelled/Forfeited	(2,278)	$ 4.57
Balance of unvested shares as of September 30, 2023	25,482	$ 3.07

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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Research and development	$	3,662	$	4,355	$	12,612	$	21,872
General and administrative expense		2,802		3,899		10,419		11,681
Sales and marketing expense		702		3,052		1,881		5,725
Cost of sales		517		734		1,787		1,892
Total stock-based compensation expense	$	7,683	$	12,040	$	26,699	$	41,170