Form 4: Matterport CEO Raymond Pittman Reports Stock Transactions
SEC Form 4
Matterport CEO Raymond Pittman reports the vesting of restricted stock units and subsequent ownership of Class A Common Stock.
Summary
- On October 15, 2024, Raymond J Pittman, CEO of Matterport, Inc., reported a transaction involving restricted stock units.
- 466,951 restricted stock units vested, converting into Class A Common Stock.
- The transaction was executed under transaction code 'M'.
- Following the transaction, Pittman directly owns 4,326,621 shares of Class A Common Stock and 4,044,038 restricted stock units.
- The restricted stock units vest quarterly from July 15, 2021, until fully vested on July 15, 2025.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, with no inherent positive or negative implications.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction affects the CEO's ownership stake in the company.
- It may have a minor impact on the overall share structure.
Key Dates
| Date | Description |
|---|---|
| July 15, 2021 | Restricted stock units commenced vesting |
| October 15, 2024 | Date of transaction: vesting of restricted stock units |
| July 15, 2025 | Restricted stock units fully vested |
| October 16, 2024 | Date of signature on the Form 4 filing |
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