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

James Daniel Fay, CFO of Matterport, Inc., sold 25,000 shares of Class A Common Stock on May 1, 2024, at a weighted average price of $4.5968 per share.

Summary

• On May 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 $4.5968 per share.
• The transactions occurred at prices ranging from $4.59 to $4.615.
• Following the reported transaction, Fay directly owns 1,507,482 shares of Matterport's Class A Common Stock.
• The sale was conducted under a Rule 10b5-1 trading plan.

Sentiment

Score: 5

Explanation: This Form 4 filing is a neutral event. It simply reports the sale of shares by an insider under a pre-existing trading plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This is a routine disclosure of an insider stock sale. Insider sales can sometimes be interpreted negatively by the market, but the existence of a 10b5-1 trading plan suggests the sale was pre-planned and not based on current inside information.

Key Dates