Form 4: Matterport CFO James Daniel Fay Acquires Shares Through Vesting of Restricted Stock Units

Matterport's Chief Financial Officer, James Daniel Fay, acquired 217,564 shares of Class A Common Stock through the vesting of restricted stock units.

Summary

• James Daniel Fay, the Chief Financial Officer of Matterport, Inc., acquired 217,564 shares of Class A Common Stock on January 15, 2025.
• This acquisition was a result of the vesting of restricted stock units (RSUs).
• The RSUs were granted previously and commenced vesting on July 15, 2021, with the underlying shares vesting in equal quarterly installments until fully vested on July 15, 2025.
• Following this transaction, Mr. Fay directly owns 1,908,022 shares of Class A Common Stock and 1,251,040 derivative securities (RSUs).

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation. It is a positive sign that the CFO is increasing their stake in the company, but it is not a major event that would significantly impact the company's outlook.

Positives

• The vesting of restricted stock units aligns the CFO's interests with the long-term performance of the company.
• The increase in share ownership by a key executive can be seen as a positive sign of confidence in the company's future.

Industry Context

This is a standard transaction for executives who receive equity compensation as part of their overall package. It is common for companies to use restricted stock units to align executive interests with shareholder value.

Comparison to Industry Standards

• The vesting schedule of the restricted stock units, with quarterly vesting over four years, is a common practice in the tech industry.
• Many companies, such as Adobe, Autodesk, and Zillow, use similar equity compensation structures for their executives.
• The amount of shares acquired is specific to the individual's compensation package and the company's equity plan.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the CFO's interests with the company's performance.
• The transaction has no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Matterport, James Daniel Fay, CFO, restricted stock units, share acquisition, vesting, Class A Common Stock, insider trading