Form 4: Matterport Executive Peter Presunka Reports Stock Transactions

Peter Presunka, Chief Accounting Officer of Matterport, Inc., reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units.

Summary

• On September 1, 2024, Peter Presunka acquired 17,045, 9,245, and 4,375 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs) at a price of $0.00 per share.
• On September 3, 2024, Presunka disposed of 4,897 shares of Class A Common Stock at a weighted average price of $4.4125 per share, with prices ranging from $4.35 to $4.46.
• These sales were automatically executed to cover taxes and fees associated with the vesting of the RSUs.
• Following these transactions, Presunka directly owns 117,021 shares of Class A Common Stock and holds 389,090, 406,135, and 410,510 Restricted Stock Units.
• The RSUs vest in equal quarterly installments, commencing on December 1, 2022, March 1, 2023, and March 1, 2024, and fully vesting on December 1, 2026, March 1, 2027, and March 1, 2028, respectively.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions by an executive, and does not inherently indicate positive or negative sentiment. The sales are related to tax obligations from vesting RSUs, which is a common practice.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for company insiders, providing transparency into their trading activities. It is a standard practice for executives to sell shares to cover tax obligations upon the vesting of equity awards.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the small volume of shares sold.
• Employees holding RSUs may be interested in the vesting schedules and tax implications.

Key Dates