Raymond J. Pittman - Sep 1, 2024 Form 4 Insider Report for Matterport, Inc./DE (MTTR)

Role
Chief Executive Officer, Director
Signature
/s/ Matthew Zinn, Attorney-in-Fact
Stock symbol
MTTR
Transactions as of
Sep 1, 2024
Transactions value $
-$596,054
Form type
4
Date filed
9/4/2024, 07:59 PM
Previous filing
Jul 15, 2024
Next filing
Sep 6, 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 +148K +3.68% $0.00 4.16M Sep 1, 2024 Direct
transaction MTTR Class A Common Stock Options Exercise $0 +57.5K +1.38% $0.00 4.22M Sep 1, 2024 Direct
transaction MTTR Class A Common Stock Sale -$596K -135K -3.2% $4.41 4.08M Sep 3, 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 -57.5K -1.22% $0.00 4.66M Sep 1, 2024 Class A Common Stock 57.5K Direct F3, F4
transaction MTTR Restricted Stock Unit Options Exercise $0 -148K -3.17% $0.00 4.51M Sep 1, 2024 Class A Common Stock 148K 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 $4.35 to $4.46. 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 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.