Jay Remley - 01 Mar 2024 Form 4 Insider Report for Matterport, Inc./DE

Role: Chief Revenue Officer
Signature: /s/ Matthew Zinn, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 01 Mar 2024
Net transactions value: -$27,743
Form type: 4
Filing time: 05 Mar 2024, 14:49:52 UTC
Previous filing: 17 Jan 2024
Next filing: 07 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MTTR	Class A Common Stock	Options Exercise	$0	+22,500	+2.1%	$0.000000	1,079,702	01 Mar 2024	Direct
transaction	MTTR	Class A Common Stock	Sale	$27,743	-13,748	-1.3%	$2.02	1,065,954	04 Mar 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	-22,500	-2.1%	$0.000000	1,053,233	01 Mar 2024	Class A Common Stock	22,500		Direct	F3, F4
transaction	MTTR	Restricted Stock Unit	Award	$0	+727,273	+69%	$0.000000	1,780,506	01 Mar 2024	Class A Common Stock	727,273		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.