Brandt Walter Kucharski - Jul 22, 2021 Form 4 Insider Report for Matterport, Inc./DE (MTTR)

Role
Chief Accounting Officer
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
Previous filing
Jun 15, 2021

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 Restricted Stock Unit Award +270K 270K Jul 22, 2021 Class A Common Stock 270K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 The restricted stock unit vests as to 67,429 of the underlying shares on May 18, 2022, and the remaining underlying shares will vest in equal quarterly installments until fully vested on May 15, 2025.
F3 Pursuant to the Merger Agreement (the "Merger Agreement"), dated February 7, 2021, by and among Gores Holdings VI, Inc. (the "Issuer"), Maker Merger Sub, Inc., Maker Merger Sub II, LLC and Matterport, Inc. ("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). 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.