Form 4: Matterport Director Jason Krikorian Reports Stock Transactions
SEC Form 4
Director Jason Krikorian reports the vesting and acquisition of Matterport Class A Common Stock and Restricted Stock Units.
Summary
- On June 10, 2024, Jason Krikorian, a director of Matterport, Inc., reported transactions involving the company's Class A Common Stock and Restricted Stock Units (RSUs).
- Krikorian acquired 60,763 shares of Class A Common Stock upon the vesting of RSUs, with a transaction price of $0.00.
- Following this transaction, Krikorian directly owns 198,889 shares of Class A Common Stock.
- Additionally, Krikorian acquired 39,325 RSUs that will vest on the earlier of June 10, 2025, or the date of the company's 2025 annual meeting of shareholders, contingent upon continued service with the company.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment. It's a factual report.
Future Outlook
The document indicates that additional RSUs will vest on the earlier of June 10, 2025, or the date of the company's 2025 annual meeting of shareholders, contingent upon continued service with the company.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the holdings and transactions of company insiders.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in ownership of Matterport's stock.
Key Dates
| Date | Description |
|---|---|
| 06/10/2024 | Date of transactions: vesting of RSUs and acquisition of Class A Common Stock. |
| 06/10/2024 | RSUs vested in full, coinciding with the company's 2024 annual meeting of shareholders. |
| 06/12/2024 | Date of signature by Attorney-in-Fact. |
| 06/10/2025 | Date on which additional RSUs may vest. |
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