Form 4: Matterport CFO James Daniel Fay Sells 25,000 Shares

Matterport's Chief Financial Officer, James Daniel Fay, sold 25,000 shares of Class A Common Stock on August 1, 2024, at a weighted average price of $4.403 per share.

Summary

• On August 1, 2024, James Daniel Fay, the Chief Financial Officer of Matterport, Inc., sold 25,000 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $4.403 per share.
• The shares were sold in multiple transactions with prices ranging from $4.39 to $4.435.
• The transaction was conducted under a Rule 10b5-1 trading plan.
• Following the transaction, Fay directly owns 1,617,608 shares of Matterport's Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing regarding an insider stock sale. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Industry Context

This is a routine disclosure of an insider stock sale. It's common for executives to have pre-arranged trading plans (Rule 10b5-1) to avoid accusations of trading on inside information. The impact on the stock price is usually minimal unless the sale is unusually large or coincides with other significant news.

Stakeholder Impact

• The stock sale could have a minor negative impact on shareholder sentiment, but is unlikely to be significant given the relatively small number of shares sold and the existence of a pre-arranged trading plan.

Key Dates