Form 4: Matterport CFO James Daniel Fay Sells Shares to Cover Taxes and Fees

Matterport's CFO, James Daniel Fay, sold shares of Class A Common Stock between September 4th and September 6th, 2024, to cover taxes and fees associated with vesting restricted stock units.

Summary

• James Daniel Fay, the Chief Financial Officer of Matterport, Inc., sold shares of Class A Common Stock on September 4, 5, and 6, 2024.
• The sales were executed to cover taxes and fees related to the vesting and settlement of restricted stock unit awards.
• On September 4, 2024, 41,302 shares were sold at a weighted average price of $4.3596, with prices ranging from $4.27 to $4.425.
• On September 5, 2024, 24,692 shares were sold at a weighted average price of $4.2285, with prices ranging from $4.19 to $4.285.
• On September 6, 2024, 8,375 shares were sold at a weighted average price of $4.1583, with prices ranging from $4.12 to $4.22.
• Following these transactions, Fay directly owns 1,543,751 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: This Form 4 filing represents routine stock sales to cover tax obligations, which is a neutral event and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

This is a routine transaction for covering taxes and fees associated with stock vesting, which is a common practice among corporate executives.

Stakeholder Impact

• The stock sales by the CFO could have a minor, temporary impact on the stock price due to the increased selling volume.
• However, since the sales are for tax purposes, the overall impact on stakeholders is likely to be minimal.

Key Dates