Form 4: Matterport CFO James Daniel Fay Reports Stock Award Vesting
SEC Form 4
James Daniel Fay, CFO of Matterport, Inc., reports the vesting of 217,564 shares of Class A Common Stock and Restricted Stock Units on April 15, 2024.
Summary
- On April 15, 2024, James Daniel Fay, the Chief Financial Officer of Matterport, Inc., had 217,564 shares of Class A Common Stock vest.
- These shares were related to Restricted Stock Units (RSUs).
- Following this transaction, Fay directly owns 1,532,482 shares of Class A Common Stock.
- He also directly owns 2,115,097 derivative securities (RSUs).
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and does not indicate a positive or negative outlook for the company.
Industry Context
This is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies.
Stakeholder Impact
- The vesting of stock options and RSUs can have a dilutive effect on existing shareholders, although this is a standard part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| July 15, 2021 | Restricted stock units commenced vesting |
| 04/15/2024 | Vesting of 217,564 shares of Class A Common Stock and Restricted Stock Units |
| July 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.