Form 4: Matterport Chief Accounting Officer Peter Presunka Acquires Shares Through Vesting

Matterport's Chief Accounting Officer, Peter Presunka, acquired 3,915 shares of Class A Common Stock and 3,915 restricted stock units through vesting on December 15, 2024.

Summary

• Peter Presunka, the Chief Accounting Officer of Matterport, Inc., acquired 3,915 shares of Class A Common Stock on December 15, 2024.
• This acquisition was a result of the vesting of restricted stock units.
• The vesting occurred on December 15, 2024, and the price per share was $0 as it was part of a vesting event.
• Following the transaction, Presunka directly owns 137,417 shares of Class A Common Stock.
• Additionally, 3,915 restricted stock units vested, bringing his total holdings to 350,592 restricted stock units.
• The restricted stock units began vesting on December 15, 2021, with 25% vesting on the first anniversary and the remainder vesting quarterly until December 15, 2025.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation. It is a neutral event with a slightly positive sentiment due to the executive's increased stake in the company.

Positives

• The vesting of restricted stock units indicates that the executive is meeting performance or time-based requirements.
• The increase in share ownership aligns the executive's interests with those of the shareholders.

Industry Context

This is a standard SEC Form 4 filing, which is common for publicly traded companies when insiders make transactions in their company's stock. It is a routine disclosure and does not indicate any specific trend in the industry.

Comparison to Industry Standards

• Vesting schedules for restricted stock units are a common practice in the tech industry, often with a four-year vesting period and a one-year cliff.
• The vesting schedule described in the document, with 25% vesting after one year and the remainder vesting quarterly, is a typical structure.
• Other tech companies like Google, Apple, and Microsoft also use similar vesting schedules for their employees' stock-based compensation.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the executive's interests with the company's performance.
• The vesting of shares is a positive for the executive as it increases their ownership in the company.

Key Dates

Keywords

Matterport, Peter Presunka, Chief Accounting Officer, stock vesting, Class A Common Stock, restricted stock units, insider trading, SEC Form 4