James Daniel Fay - Jul 22, 2021 Form 4 Insider Report for Gores Holdings VI, Inc. (MTTR)

Role: Chief Financial Officer
Signature: /s/ Judi Otteson, General Counsel
Stock symbol: MTTR
Transactions as of: Jul 22, 2021
Transactions value $: $0
Form type: 4
Date filed: 7/26/2021, 09:56 PM
Next filing: Jan 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MTTR	Class A Common Stock	Award		+16.9K			16.9K	Jul 22, 2021	Direct	F1

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	Stock Option	Award		+1.62M			1.62M	Jul 22, 2021	Class A Common Stock	1.62M	$0.35	Direct	F2, F3
transaction	MTTR	Stock Option	Award		+515K			515K	Jul 22, 2021	Class A Common Stock	515K	$1.14	Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pursuant to the Merger Agreement (the "Merger Agreement"), dated February 7, 2021, by and among , by and among Gores Holdings VI, Inc. (the "Issuer"), Maker Merger Sub, Inc., Maker Merger Sub II, LLC and Matterport, Inc. (the "Company"), each share of the Company's common stock issued and outstanding immediately prior to the effective time of the transactions contemplated by the Merger Agreement was automatically converted into the right to receive a number of shares of the Issuer's Class A Common Stock based on the Per Share Company Common Stock Consideration (as defined in the Merger Agreement).
F2	Stock Option is currently vested and exercisable as to 1,554,277 of the underlying shares, and the remaining shares will vest in equal monthly installments until fully vested on December 14, 2021.
F3	See footnote 1. In addition, each outstanding Company equity award was automatically converted into a corresponding equity award of the Issuer based on the Per Share Company Common Stock Consideration and with the same terms and vesting conditions as the Company equity awards.
F4	Stock Option vests as to (i) 25% of 352,066 of the underlying shares on October 14, 2021 and the remaining 75% of such underlying shares will vest in equal monthly installments until fully vested on October 14, 2024 and (ii) 25% of 162,843 of the underlying shares on October 14, 2021 and the remaining 75% of such underlying shares will vest in equal monthly installments until fully vested on October 14, 2024.