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 | -25K | -1.53% | $0.00 | 1.61M | Mar 1, 2024 | Class A Common Stock | 25K | Direct | F5, F6 | |
transaction | MTTR | Restricted Stock Unit | Award | $0 | +727K | +45.3% | $0.00 | 2.33M | Mar 1, 2024 | Class A Common Stock | 727K | Direct | F5, F7 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Id | Content |
---|---|
F1 | Sale transaction executed pursuant to reporting person's Rule 10b5-1 trading plan. |
F2 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.07 to $2.13. 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 | 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. |
F4 | 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. |
F5 | Each restricted stock unit represents a contingent right to receive one share of the Company's Class A Common Stock. |
F6 | 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. |
F7 | 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. |