Form 4: Matterport Director Peter Hebert Reports Stock Transactions

Director Peter Hebert reports transactions involving restricted stock units (RSUs) of Matterport, Inc.

Summary

• Peter Hebert, a director of Matterport, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• On June 10, 2024, Hebert had 60,763 Restricted Stock Units (RSUs) vest in full.
• These RSUs converted into 60,763 shares of Class A Common Stock.
• Additionally, Hebert was granted 39,325 new 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.
• Hebert has irrevocably assigned his director fees, including the value of these RSUs, to Lux Capital Management, LLC for the benefit of investment funds managed by them.
• Hebert directly owns 279,793 shares of Common Stock.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral.

Future Outlook

The document outlines the vesting schedule for the newly granted RSUs, which is contingent on the director's continued service with the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Related Party Transactions

• Peter Hebert has irrevocably assigned his director fees, including the value of these RSUs, to Lux Capital Management, LLC for the benefit of investment funds managed by them.

Stakeholder Impact

• The vesting of RSUs and subsequent assignment of fees to Lux Capital Management may have a minor impact on shareholders due to the potential dilution from the issuance of new shares.

Key Dates