RAYMOND J. PITTMAN - 01 Sep 2024 Form 4 Insider Report for Matterport, Inc./DE (MTTR)

Role
Chief Executive Officer, Director
Signature
/s/ Matthew Zinn, Attorney-in-Fact
Issuer symbol
MTTR
Transactions as of
01 Sep 2024
Net transactions value
-$596,054
Form type
4
Filing time
04 Sep 2024, 19:59:40 UTC
Previous filing
15 Jul 2024
Next filing
06 Sep 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 +147,727 +3.7% $0.000000 4,160,779 01 Sep 2024 Direct
transaction MTTR Class A Common Stock Options Exercise $0 +57,500 +1.4% $0.000000 4,218,279 01 Sep 2024 Direct
transaction MTTR Class A Common Stock Sale $596,054 -135,083 -3.2% $4.41 4,083,196 03 Sep 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 -57,500 -1.2% $0.000000 4,658,716 01 Sep 2024 Class A Common Stock 57,500 Direct F3, F4
transaction MTTR Restricted Stock Unit Options Exercise $0 -147,727 -3.2% $0.000000 4,510,989 01 Sep 2024 Class A Common Stock 147,727 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.