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 April 1, 2024, at an average price of $2.2506 per share.

Summary

• James Daniel Fay, the Chief Financial Officer of Matterport, Inc., sold 25,000 shares of Class A Common Stock on April 1, 2024.
• The sale was executed at a weighted average price of $2.2506 per share, with individual transactions ranging from $2.18 to $2.28.
• Following the transaction, Fay directly owns 1,314,918 shares of Matterport's Class A Common Stock.
• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an executive. It doesn't inherently convey positive or negative sentiment, as it's a factual disclosure.

Industry Context

This is a routine disclosure of an insider stock sale. It's common for executives to sell shares for personal financial management reasons. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The stock sale could have a minor impact on shareholder sentiment, but is unlikely to have a significant effect given the relatively small number of shares sold compared to the total outstanding.

Key Dates