Japjit Tulsi - 22 Jul 2021 Form 4 Insider Report for Gores Holdings VI, Inc.

Role: Chief Technology Officer
Signature: /s/ Judi Otteson, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 22 Jul 2021
Net transactions value: $0
Form type: 4
Filing time: 26 Jul 2021, 21:58:16 UTC
Next filing: 20 Jan 2022
SEC: View on sec.gov

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		+2,883,497			2,883,497	22 Jul 2021	Class A Common Stock	2,883,497	$0.6700	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The Stock Option is currently vested and exercisable as to 1,261,535 of the underlying shares, and the remaining shares will vest in equal monthly installments until fully vested on January 21, 2023.
F2	Pursuant to the Business Combination Agreement (the "Business Combination 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. ("Matterport"), each share of Matterport common stock issued and outstanding immediately prior to the effective time of the transactions contemplated by the Business Combination Agreement was automatically converted into the right to receive a number of shares of the Issuer's Class A Common Stock based on a 1-to-4.1193 conversion ratio (the "Conversion Ratio"). In addition, each outstanding Matterport equity award was automatically converted into a corresponding equity award of the Issuer based on the Conversion Ratio and with the same terms and vesting conditions as the Matterport equity awards.

Content

The Stock Option is currently vested and exercisable as to 1,261,535 of the underlying shares, and the remaining shares will vest in equal monthly installments until fully vested on January 21, 2023.

Pursuant to the Business Combination Agreement (the "Business Combination 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. ("Matterport"), each share of Matterport common stock issued and outstanding immediately prior to the effective time of the transactions contemplated by the Business Combination Agreement was automatically converted into the right to receive a number of shares of the Issuer's Class A Common Stock based on a 1-to-4.1193 conversion ratio (the "Conversion Ratio"). In addition, each outstanding Matterport equity award was automatically converted into a corresponding equity award of the Issuer based on the Conversion Ratio and with the same terms and vesting conditions as the Matterport equity awards.