Form 4: Matterport Director Repo Susan Reports Share Conversion Following CoStar Group Merger

Director Repo Susan reports the conversion of Matterport shares and restricted stock units into cash and CoStar Group stock following the completion of the merger agreement.

Summary

• Repo Susan, a director at Matterport, Inc., filed a Form 4 detailing changes in beneficial ownership.
• The filing reports transactions related to the merger agreement between Matterport and CoStar Group, Inc.
• As a result of the merger, each share of Matterport's Class A common stock held by Repo Susan was converted into the right to receive $2.75 in cash plus 0.03552 shares of CoStar Group common stock.
• Additionally, restricted stock units held by Repo Susan were either converted into the right to receive the same merger consideration or converted into a corresponding award in respect of CoStar Group Common Stock.
• The transaction date for these conversions is listed as February 28, 2025.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects the completion of a merger, which is generally viewed favorably by investors. The transaction appears to be proceeding as planned.

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 real estate information and marketing services provider. Mergers and acquisitions are common in the tech industry as companies seek to expand their capabilities and market reach.

Key Dates