Japjit Tulsi - Mar 1, 2024 Form 4 Insider Report for Matterport, Inc./DE (MTTR)

Role
Chief Technology Officer
Signature
/s/ Matthew Zinn, Attorney-in-Fact
Stock symbol
MTTR
Transactions as of
Mar 1, 2024
Transactions value $
-$33,640
Form type
4
Date filed
3/5/2024, 02:46 PM
Previous filing
Jan 17, 2024
Next filing
Mar 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTTR Class A Common Stock Options Exercise $0 +17.5K +4.5% $0.00 407K Mar 1, 2024 Direct
transaction MTTR Class A Common Stock Sale -$33.6K -16.7K -4.1% $2.02 390K Mar 4, 2024 Direct F1, F2

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 Options Exercise $0 -17.5K -1.99% $0.00 863K Mar 1, 2024 Class A Common Stock 17.5K Direct F3, F4
transaction MTTR Restricted Stock Unit Award $0 +545K +63.23% $0.00 1.41M Mar 1, 2024 Class A Common Stock 545K Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 represent shares automatically sold in a non-discretionary transaction to cover taxes and fees in connection with the vesting and settlement of restricted stock unit awards.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.01 to $2.07. The reporting person undertakes to provide Matterport, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 Each restricted stock unit represents a contingent right to receive one share of the Company's Class A Common Stock.
F4 The restricted stock units commenced vesting on March 1, 2023 and the underlying shares will vest in equal quarterly installments thereafter until fully vested on March 1, 2027.
F5 The award will vest as to 1/16th of the RSUs subject thereto on each quarterly anniversary of March 1, 2024, subject to Grantee's continued status as a Service Provider (as defined in the Company's 2021 Incentive Award Plan (the "Plan")) through the applicable vesting date.