Form 4: Matterport CFO James Daniel Fay Reports Stock Transactions

James Daniel Fay, CFO of Matterport, Inc., reports the vesting of restricted stock units and subsequent ownership of Class A Common Stock.

Summary

• On October 15, 2024, James Daniel Fay, the Chief Financial Officer of Matterport, Inc., reported transactions involving the company's stock.
• Fay vested 217,565 shares of Class A Common Stock from restricted stock units.
• The price per share for the vested stock was $0.00.
• Following the transaction, Fay directly owns 1,736,316 shares of Class A Common Stock and 1,539,058 restricted stock units.
• The restricted stock units vest quarterly until July 15, 2025, commencing on July 15, 2021.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing regarding stock transactions. It doesn't inherently convey positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest over time to align management's interests with those of shareholders.
• The vesting schedule of Matterport's restricted stock units, with quarterly installments until July 15, 2025, is a typical arrangement.
• Companies like Zillow and Redfin also utilize stock-based compensation for their executives.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding executive compensation and ownership.
• It assures stakeholders that executives' interests are aligned with theirs through equity ownership.

Key Dates