Jay Remley - Feb 28, 2025 Form 4 Insider Report for Matterport, Inc./DE (MTTR)

Signature
/s/ Matthew Zinn, Attorney-in-fact
Stock symbol
MTTR
Transactions as of
Feb 28, 2025
Transactions value $
$0
Form type
4
Date filed
3/3/2025, 04:09 PM
Previous filing
Feb 6, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTTR Class A Common Stock Disposed to Issuer -1.54M -100% 0 Feb 28, 2025 Direct F1

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 Units Disposed to Issuer $0 -1.43M -100% $0.00 0 Feb 28, 2025 Class A Common Stock 1.43M Direct F2
transaction MTTR Stock Option Disposed to Issuer $0 -2M -100% $0.00 0 Feb 28, 2025 Class A Common Stock 2M Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Jay Remley is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 In connection with the consummation of the transactions contemplated by the merger agreement (the "Merger Agreement"), dated as of April 21, 2024, by and among the Issuer, CoStar Group, Inc. ("CoStar Group") and the other parties thereto, each share of the Issuer's Class A common stock held by the Reporting Person was converted into the right to receive an amount in cash equal to $2.75 per share plus 0.03552 shares of common stock of CoStar Group (the "Merger Consideration").
F2 Each restricted stock unit that became fully vested automatically as a result of the consummation of the transactions (the "Closing") contemplated by the Merger Agreement (the "Accelerated Matterport RSUs") was cancelled and converted into the right to receive the Merger Consideration, and all other restricted stock units outstanding as of the effective time of the Closing were converted into a corresponding award in respect of CoStar Group Common Stock based on the Equity Award Conversion Factor (as determined in accordance with the formula in the Merger Agreement).
F3 In connection with the Closing, each option to purchase Class A Common Stock outstanding as of the effective time of the Closing and held by the Reporting Person was cancelled and converted into an option to purchase a number of shares of CoStar Group Common Stock based on the Equity Award Conversion Factor at an adjusted exercise price (as determined in accordance with the formula in the Merger Agreement).