Form 4: Matterport Executive Japjit Tulsi Reports Stock Transactions

Japjit Tulsi, Chief Technology Officer of Matterport, Inc., reports the vesting of restricted stock units and subsequent acquisition of Class A Common Stock.

Summary

• On October 15, 2024, Japjit Tulsi, the Chief Technology Officer of Matterport, Inc., reported transactions involving the company's stock.
• Tulsi acquired 108,783 shares of Class A Common Stock upon the vesting of restricted stock units.
• The restricted stock units vested at a price of $0.00.
• Following the transaction, Tulsi directly owns 642,168 shares of Class A Common Stock and 978,621 restricted stock units.
• The restricted stock units commenced vesting on July 15, 2021, and vest in equal quarterly installments until fully vested on July 15, 2025.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions by an executive, and doesn't inherently indicate positive or negative sentiment. It's a neutral event.

Industry Context

This is a standard Form 4 filing, reflecting insider transactions. It's common for executives to receive stock-based compensation, and the vesting of restricted stock units is a routine event.

Stakeholder Impact

• The transaction could have a minor impact on shareholders due to the change in ownership, but it's unlikely to be significant.

Key Dates