Michael B. Gustafson - Jul 22, 2021 Form 4 Insider Report for Gores Holdings VI, Inc. (MTTR)

Role
Director
Signature
/s/ Judi Otteson, Attorney-in-Fact
Stock symbol
MTTR
Transactions as of
Jul 22, 2021
Transactions value $
$0
Form type
4
Date filed
7/26/2021, 09:57 PM
Previous filing
Jul 2, 2021
Next filing
Nov 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTTR Class A Common Stock Award +81.8K 81.8K Jul 22, 2021 Direct F3

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 +476K 476K Jul 22, 2021 Class A Common Stock 476K $0.35 Direct F1, F2
* 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, dated February 7, 2021 (the "Merger Agreement"), 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 Company 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 427,867 of the underlying shares, and the remaining shares will vest in equal yearly 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.