Form 4: Matterport CEO Raymond Pittman Sells Shares to Cover Taxes and Fees

Matterport's CEO, Raymond Pittman, sold shares of Class A Common Stock between September 4th and September 6th, 2024, to cover taxes and fees associated with vesting of restricted stock units.

Summary

• Raymond Pittman, the CEO of Matterport, Inc., sold shares of Class A Common Stock on September 4th, 5th, and 6th, 2024.
• The sales were executed to cover taxes and fees related to the vesting and settlement of restricted stock unit awards.
• On September 4th, 124,139 shares were sold at a weighted average price of $4.3596.
• On September 5th, 74,214 shares were sold at a weighted average price of $4.2285.
• On September 6th, 25,173 shares were sold at a weighted average price of $4.1583.
• Following these transactions, Pittman directly owns 3,859,670 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales for tax purposes. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive share sales are a common occurrence, often related to compensation and tax planning. The impact on the stock price depends on the size of the sale relative to the executive's holdings and the overall market sentiment.

Stakeholder Impact

• The share sales could have a minor negative impact on shareholder sentiment, although they are likely viewed as routine.

Key Dates