Form 4: Matterport's Chief Legal Officer, Matthew Zinn, Reports Stock Transactions
SEC Form 4
Matthew Zinn, Chief Legal Officer of Matterport, Inc., reports the vesting and subsequent disposal of 112,816 shares of Class A Common Stock on June 12, 2024.
Summary
- On June 12, 2024, Matthew Zinn, the Chief Legal Officer of Matterport, Inc., reported transactions involving the company's stock.
- Zinn vested 112,816 restricted stock units, each representing a contingent right to receive one share of Matterport's Class A Common Stock.
- Simultaneously, Zinn disposed of 112,816 shares of Class A Common Stock at a price of $0.00.
- Following these transactions, Zinn directly owns 468,040 shares of Class A Common Stock and 1,809,979 derivative securities.
- The restricted stock units commenced vesting on December 12, 2022, and vest quarterly until December 12, 2026.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an executive, with no inherent positive or negative implications for the company's performance.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are part of standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 12/12/2022 | Vesting Commencement Date for restricted stock units |
| 06/12/2024 | Date of reported stock transactions |
| 12/12/2026 | Final vesting date for restricted stock units |
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