MTTR.Matterport, Inc/de

Form 4: Matterport's Chief Revenue Officer, Jay Remley, Reports Stock Transactions

Sentiment:

SEC Form 4

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Jay Remley, Chief Revenue Officer of Matterport, Inc., reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units.

Summary

  • On September 1, 2024, Jay Remley, Chief Revenue Officer of Matterport, acquired 22,500 and 45,455 shares of Class A Common Stock at $0.00 per share.
  • These acquisitions were related to the vesting of restricted stock units.
  • On September 3, 2024, Remley disposed of 30,974 shares of Class A Common Stock at a weighted average price of $4.4157, with prices ranging from $4.35 to $4.46.
  • These sales were to cover taxes and fees associated with the vesting of restricted stock units.
  • Following these transactions, Remley beneficially owns 1,342,217 shares of Class A Common Stock.
  • Remley also holds 1,428,975 and 1,383,520 Restricted Stock Units.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard regulatory filing detailing stock transactions. The sales are to cover taxes, which is a common practice.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding insider transactions.

Stakeholder Impact

  • The transactions may have a minor impact on shareholders due to the change in ownership, but the sales are primarily for tax obligations related to vesting.

Key Dates

DateDescription
03/01/2023Restricted stock units commenced vesting, underlying shares vest in equal quarterly installments until fully vested on March 1, 2027.
03/01/2024Restricted stock units commenced vesting, underlying shares vest in equal quarterly installments until fully vested on March 1, 2028.
09/01/2024Acquisition of 22,500 and 45,455 shares of Class A Common Stock due to vesting of restricted stock units.
09/03/2024Disposal of 30,974 shares of Class A Common Stock at an average price of $4.4157.
09/04/2024Date of signature for the Form 4 filing.
03/01/2027Restricted stock units commenced vesting on March 1, 2023 will be fully vested.
03/01/2028Restricted stock units commenced vesting on March 1, 2024 will be fully vested.

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