Form 4: Matterport's Chief Legal Officer, Matthew Zinn, Reports Stock Transactions
SEC Form 4 Filing
Matthew Zinn, Chief Legal Officer of Matterport, Inc., reports the vesting and subsequent acquisition of 112,816 shares of Class A Common Stock on March 12, 2024.
Summary
- On March 12, 2024, Matthew Zinn, the Chief Legal Officer of Matterport, Inc., reported a transaction involving the vesting of restricted stock units.
- Zinn acquired 112,816 shares of Class A Common Stock upon the vesting of these restricted stock units.
- Following the transaction, Zinn directly owns 391,211 shares of Class A Common Stock and 1,968,249 derivative securities.
- The restricted stock units commenced vesting on December 12, 2022, with 25% vesting on the first anniversary and the remaining shares vesting in equal quarterly installments until December 12, 2026.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company insider, neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider ownership.
Key Dates
| Date | Description |
|---|---|
| 12/12/2022 | Vesting Commencement Date for restricted stock units |
| 03/12/2024 | Date of transaction: vesting of restricted stock units and acquisition of Class A Common Stock |
| 12/12/2026 | Final vesting date for restricted stock units |
| 03/13/2024 | Date of signature for the Form 4 filing |
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