James Daniel Fay - 01 Jun 2024 Form 4 Insider Report for Matterport, Inc./DE

Role
Chief Financial Officer
Signature
/s/ Matthew Zinn, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
01 Jun 2024
Net transactions value
-$567,660
Form type
4
Filing time
04 Jun 2024, 19:25:40 UTC
Previous filing
02 May 2024
Next filing
02 Jul 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 Award $6,860 +3,000 +0.2% $2.29 1,510,482 31 May 2024 Direct F1
transaction MTTR Class A Common Stock Options Exercise $0 +45,454 +3% $0.000000 1,555,936 01 Jun 2024 Direct
transaction MTTR Class A Common Stock Options Exercise $0 +25,000 +1.6% $0.000000 1,580,936 01 Jun 2024 Direct
transaction MTTR Class A Common Stock Sale $110,078 -25,000 -1.6% $4.40 1,555,936 03 Jun 2024 Direct F2, F3
transaction MTTR Class A Common Stock Sale $272,304 -61,768 -4% $4.41 1,494,168 03 Jun 2024 Direct F4, F5
transaction MTTR Class A Common Stock Sale $192,138 -44,125 -3% $4.35 1,450,043 04 Jun 2024 Direct F4, F6

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 -25,000 -1.2% $0.000000 2,090,097 01 Jun 2024 Class A Common Stock 25,000 Direct F7, F8
transaction MTTR Restricted Stock Unit Options Exercise $0 -45,454 -2.2% $0.000000 2,044,643 01 Jun 2024 Class A Common Stock 45,454 Direct F7, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id Content
F1 These shares were acquired under the Company's Employee Stock Purchase Plan.
F2 Sale transaction executed pursuant to reporting person's Rule 10b5-1 trading plan.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.395 to $4.422. 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.
F4 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.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.36 to $4.43. 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.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.32 to $4.435. 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.
F7 Each restricted stock unit represents a contingent right to receive one share of the Company's Class A Common Stock.
F8 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.
F9 The restricted stock units commenced vesting on March 1, 2024 and the underlying shares will vest in equal quarterly installments thereafter until fully vested on March 1, 2028.