Gores Sponsor VI LLC - 22 Jul 2021 Form 4 Insider Report for Gores Holdings VI, Inc.

Role
Director, 10%+ Owner
Signature
Gores Sponsor VI LLC, By: Andrew McBride, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
22 Jul 2021
Net transactions value
+$37,584,590
Form type
4
Filing time
26 Jul 2021, 19:00:35 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTTR Class A Common Stock, par value $0.0001 per share Award $7,016,590 +701,659 $10.00 701,659 22 Jul 2021 See footnotes F1, F7
transaction MTTR Class A Common Stock, par value $0.0001 per share Award $30,568,000 +3,056,800 $10.00 3,056,800 22 Jul 2021 See footnotes F2, F7
transaction MTTR Class A Common Stock, par value $0.0001 per share Options Exercise $0 +8,550,000 $0.000000 8,550,000 22 Jul 2021 See footnotes F3, F4, F7
transaction MTTR Class A Common Stock, par value $0.0001 per share Other $0 -537,997 -6.3% $0.000000 8,012,500 23 Jul 2021 See footnotes F3, F5, F7
transaction MTTR Class A Common Stock, par value $0.0001 per share Other $0 +537,997 $0.000000 537,997 23 Jul 2021 See footnotes F2, F5, F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MTTR Class F Common Stock, par value $0.0001 per share Options Exercise -8,550,000 -100% 0 22 Jul 2021 Class A Common Stock, par value $0.0001 per share 8,550,000 See footnotes F3, F4, F7
transaction MTTR Warrants to Purchase Shares of Class A Common Stock Award +4,450,000 4,450,000 22 Jul 2021 Class A Common Stock, par value $0.0001 per share 4,450,000 $11.50 See footnotes F3, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Gores Sponsor VI LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The securities reported in this transaction are held of record by AEG Holdings, LLC ("AEG"). Alec Gores is the managing member of AEG. As such, Alec Gores may be deemed to have beneficial ownership of the securities beneficially owned by AEG. Gores Sponsor VI LLC ("Sponsor") does not hold or otherwise beneficially own such securities.
F2 The securities reported in this transaction are held of record by Gores PIPE, LLC ("Gores PIPE"). AEG is the managing member of Gores PIPE. Alec Gores is the managing member of AEG. As such, each of AEG and Alec Gores may be deemed to have beneficial ownership of the securities beneficially owned by Gores PIPE. Sponsor does not hold or otherwise beneficially own such securities.
F3 The securities reported herein are held of record by Sponsor. AEG is the managing member of Sponsor. Alec Gores is the managing member of AEG. As such, AEG and Alec Gores may be deemed to have beneficial ownership of the securities beneficially owned by Sponsor.
F4 On June 22, 2021, pursuant to that certain Agreement and Plan of Merger, dated as of February 7, 2021, by and among Gores Holdings VI, Inc. (the "Issuer"), Matterport, Inc. and the other parties thereto, the Issuer completed its initial business combination (the "Business Combination"). As a result of the Business Combination, each outstanding share of Class F Common Stock of the Issuer was automatically converted into a share of Class A Common Stock of the Issuer. Upon the completion of the Business Combination, the entity previously known as Matterport, Inc. was merged out of existence and the Issuer was renamed Matterport, Inc.
F5 On June 23, 2021, Sponsor distributed 537,997 shares of Class A Common Stock of the Issuer to Gores PIPE, a member of Sponsor. The receipt of such shares of Class A Common Stock by Gores PIPE is exempt pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended.
F6 The warrants were purchased by Sponsor on December 10, 2020. The exercisability of the warrants was conditioned upon completion of the Issuer's initial business combination. The warrants will become exercisable 30 days after the closing of the Business Combination.
F7 Because of the relationship among the reporting persons, the reporting persons may be deemed to beneficially own the securities reported herein to the extent of their respective pecuniary interests. Each reporting person disclaims beneficial ownership of the securities reported herein, except to the extent of such reporting person's pecuniary interest therein, if any. Pursuant to Rule 16a-1(a)(4) under the Exchange Act, this filing shall not be deemed an admission that the reporting persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests.