Raymond J. Pittman - Jul 22, 2021 Form 4 Insider Report for Matterport, Inc./DE (MTTR)

Role
CEO and Chairman, 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
7/27/2021, 09:46 PM
Next filing
Jan 20, 2022

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 +12.1M 12.1M Jul 22, 2021 Class A Common Stock 12.1M $0.67 Direct F1, F2
transaction MTTR Stock Option Award +867K 867K Jul 22, 2021 Class A Common Stock 867K $0.67 Direct F2, F3
* 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 7,835,501 of the underlying shares, and the remaining shares will vest in equal yearly installments until fully vested on December 3, 2022.
F2 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 Matterport 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). 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.
F3 The Stock Option is fully vested.