Form 4: Matterport CEO Raymond Pittman Reports Stock Transactions
SEC Form 4
Matterport's CEO, Raymond Pittman, reports the vesting of restricted stock units and subsequent ownership of Class A Common Stock.
Summary
- Raymond Pittman, CEO of Matterport, Inc., reported a transaction involving the vesting of restricted stock units on July 15, 2024.
- This transaction resulted in the acquisition of 466,952 shares of Class A Common Stock.
- Following the transaction, Pittman directly owns 4,013,052 shares of Class A Common Stock and 4,716,216 derivative securities.
- The restricted stock units commenced vesting on July 15, 2021, and will continue to vest in equal quarterly installments until fully vested on July 15, 2025.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, and does not inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the increase in outstanding shares, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 07/15/2021 | Restricted stock units commenced vesting |
| 07/15/2024 | Date of transaction: vesting of restricted stock units |
| 07/15/2025 | Restricted stock units fully vested |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.