Form 4: Matterport CFO James Daniel Fay Reports Acquisition of 375,000 Restricted Stock Units

Matterport's Chief Financial Officer, James Daniel Fay, reported the acquisition of 375,000 restricted stock units (RSUs) on February 5, 2025.

Summary

• On February 5, 2025, James Daniel Fay, the Chief Financial Officer of Matterport, Inc., reported acquiring 375,000 restricted stock units (RSUs).
• These RSUs represent a contingent right to receive one share of Matterport's Class A Common Stock per unit.
• The RSUs will vest in 1/16th increments on each quarterly anniversary of February 5, 2025, contingent upon continued service with the company.
• Following the reported transaction, Fay directly owns 1,908,022 shares of Class A Common Stock and 1,626,040 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects standard executive compensation practices, aligning management interests with shareholders through equity.

Positives

• The acquisition of RSUs by the CFO aligns his interests with those of the shareholders.
• The vesting schedule encourages continued service and commitment from the CFO.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

This type of equity compensation is common for executives in publicly traded companies to incentivize performance and align interests with shareholders. It's a standard practice in the tech industry.

Comparison to Industry Standards

• Granting RSUs to executives is a common practice among publicly traded companies, particularly in the technology sector.
• Companies like Zillow, Redfin, and Opendoor, which operate in related real estate technology spaces, also utilize equity compensation to attract and retain key personnel.
• The vesting schedule of 1/16th quarterly is a fairly standard vesting schedule.
• The amount of RSUs granted is dependent on the executive's role, company size, and overall compensation strategy.

Stakeholder Impact

• Shareholders may view this positively as it aligns the CFO's interests with the company's long-term success.
• Employees may see this as a sign of stability and commitment from the leadership team.

Key Dates

Keywords

Matterport, MTTR, James Daniel Fay, CFO, Restricted Stock Units, RSU, Class A Common Stock, Beneficial Ownership, Form 4, Securities