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 July 15, 2024, Japjit Tulsi, the Chief Technology Officer of Matterport, Inc., reported a transaction involving the vesting of restricted stock units.
• 108,782 restricted stock units vested, converting into 108,782 shares of Class A Common Stock.
• The price per share for this transaction was $0.00.
• Following the reported transaction, Tulsi directly owns 566,831 shares of Class A Common Stock and 1,138,995 derivative securities.
• 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 neutral event related to executive compensation. It doesn't inherently indicate positive or negative sentiment.

Positives

• The vesting of restricted stock units indicates continued employment and contribution to the company by a key executive.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects the ongoing compensation structure for key executives.

Key Dates