Form 4: Matterport Chief Legal Officer Matthew Zinn Reports Share Conversion Following CoStar Group Merger

Matthew Zinn, Chief Legal Officer of Matterport, reports the conversion of his Class A common stock and restricted stock units into the right to receive cash and CoStar Group common stock following the merger with CoStar Group, Inc.

Summary

• On February 28, 2025, Matthew Zinn, Chief Legal Officer of Matterport, reported changes in his beneficial ownership of Matterport securities due to the merger with CoStar Group, Inc.
• His Class A common stock, totaling 618,698 shares, was converted into the right to receive $2.75 per share plus 0.03552 shares of CoStar Group common stock.
• Additionally, 1,878,053 restricted stock units were converted into the right to receive the same merger consideration or a corresponding award in respect of CoStar Group Common Stock based on the Equity Award Conversion Factor.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects the completion of a merger, which is generally viewed favorably by investors. The conversion of shares is a procedural step in the merger process.

Future Outlook

The document does not contain specific forward-looking statements beyond the completion of the merger.

Industry Context

This announcement reflects the completion of the merger between Matterport, a spatial data company, and CoStar Group, a provider of online real estate marketplaces. This type of acquisition is common in the tech industry as larger companies look to expand their capabilities and market reach.

Stakeholder Impact

• Shareholders of Matterport received cash and CoStar Group stock as part of the merger consideration.
• Employees of Matterport may experience changes in their roles and responsibilities as the company integrates with CoStar Group.

Key Dates