Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | MTTR | Class A Common Stock | Award | +29.7K | 29.7K | Jul 22, 2021 | See footnote | F1, F2 | |||
transaction | MTTR | Class A Common Stock | Conversion of derivative security | $0 | +61.9K | +75.71% | $0.00 | 144K | Feb 1, 2022 | Direct | |
transaction | MTTR | Class A Common Stock | Conversion of derivative security | $0 | +3.3K | +11.1% | $0.00 | 33K | Feb 1, 2022 | See footnote | F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | MTTR | Earn-Out Shares | Award | $0 | +61.9K | $0.00 | 61.9K | Jul 22, 2021 | Class A Common Stock | 61.9K | Direct | F3 | ||
transaction | MTTR | Earn-Out Shares | Award | $0 | +3.3K | $0.00 | 3.3K | Jul 22, 2021 | Class A Common Stock | 3.3K | See footnote | F3, F4 | ||
transaction | MTTR | Earn-Out Shares | Conversion of derivative security | $0 | -61.9K | -100% | $0.00* | 0 | Feb 1, 2022 | Class A Common Stock | 61.9K | Direct | F3 | |
transaction | MTTR | Earn-Out Shares | Conversion of derivative security | $0 | -3.3K | -100% | $0.00* | 0 | Feb 1, 2022 | Class A Common Stock | 3.3K | See footnote | F2, F3 |
Id | Content |
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F1 | On July 22, 2021, Matterport, Inc. (formerly known as Gores Holdings VI, Inc.) (the "Issuer") consummated the merger contemplated by that certain Agreement and Plan of Merger (the "Merger Agreement"), dated February 7, 2021, by and among the Issuer, Maker Merger Sub, Inc., Maker Merger Sub II, LLC and Matterport Operating, LLC ("Legacy Matterport"). Pursuant to the Merger Agreement, each share of Legacy 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). |
F2 | Following the transactions reported herein, each of the Brock M. Gustafson Trust and the Ashley E. Gustafson Trust hold 16,512 shares of Class A Common Stock of the Issuer. |
F3 | Pursuant to the terms of the Merger Agreement, former holders of Legacy Matterport common stock and former holders of Legacy Matterport options and restricted stock units are entitled to receive their pro rata share of up to 23,460,000 shares of the Issuer's Class A Common Stock (the "Earn-Out Shares") during the five-year period following the Lockup Expiration Date (as defined in the Merger Agreement) if the daily volume-weighted average price of the Issuer's Class A Common Stock has been greater than the thresholds set forth in the Merger Agreement for a period of at least 10 trading days out of a 30 consecutive trading day period. The issuance of such shares is subject to certain adjustments set forth in the Merger Agreement. |
F4 | Consists of 1,650 Earn-Out Shares entitled to be received by the Brock M. Gustafson Trust and 1,650 Earn-Out Shares entitled to be received by the Ashley E. Gustafson Trust. |