Form 4: Matterport's Chief Legal Officer, Matthew Zinn, Reports Stock Transactions

Matthew Zinn, Chief Legal Officer of Matterport, Inc., reports the vesting of restricted stock units and subsequent acquisition of Class A Common Stock on September 12, 2024.

Summary

• On September 12, 2024, Matthew Zinn, the Chief Legal Officer of Matterport, Inc., had restricted stock units vest, resulting in the acquisition of 112,816 shares of Class A Common Stock.
• These shares were acquired at a price of $0.00.
• Following this transaction, Zinn directly owns 541,869 shares of Class A Common Stock and 1,651,708 derivative securities.
• The restricted stock units commenced vesting on December 12, 2022, and will fully vest on December 12, 2026, in equal quarterly installments.

Sentiment

Score: 6

Explanation: This is a neutral event related to executive compensation. It doesn't inherently indicate positive or negative sentiment, but rather reflects the ongoing execution of pre-existing compensation agreements.

Positives

• The vesting of restricted stock units indicates a continued commitment by the executive to the company's long-term success.

Industry Context

This is a routine disclosure related to executive compensation and is common for publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it primarily concerns internal executive compensation.

Key Dates