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

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
27 Jul 2021, 21:46:11 UTC
Next filing
20 Jan 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 +12,132,393 12,132,393 22 Jul 2021 Class A Common Stock 12,132,393 $0.6700 Direct F1, F2
transaction MTTR Stock Option Award +866,602 866,602 22 Jul 2021 Class A Common Stock 866,602 $0.6700 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.