Form 4: Matterport's Chief Legal Officer, Matthew Zinn, Sells Shares to Cover Taxes and Fees

Matthew Zinn, Chief Legal Officer of Matterport, Inc., sold shares of Class A Common Stock between September 4th and September 6th, 2024, to cover taxes and fees associated with vesting of restricted stock units.

Summary

• Matthew Zinn, the Chief Legal Officer of Matterport, Inc., reported the sale of Class A Common Stock.
• The sales occurred over three days: September 4th, 5th, and 6th, 2024.
• A total of 52,634 shares were sold to cover taxes and fees related to the vesting of restricted stock units.
• The shares were sold at weighted average prices ranging from $4.1583 to $4.3596.
• Following these transactions, Zinn directly owns 429,053 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (sale of shares to cover taxes) and doesn't inherently indicate positive or negative sentiment regarding the company's prospects.

Industry Context

Executive share sales are a common occurrence and are often related to compensation and tax obligations. The market typically views these sales in the context of the executive's overall holdings and the company's performance.

Stakeholder Impact

• The sale of shares by a company executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact given the stated reason for the sale.

Key Dates