Form 4: Matterport's Chief Revenue Officer, Jay Remley, Sells Shares to Cover Taxes and Fees

Jay Remley, Chief Revenue Officer of Matterport, Inc., sold shares of Class A Common Stock between March 5th and March 7th, 2024, to cover taxes and fees associated with vesting restricted stock units.

Summary

• Jay Remley, the Chief Revenue Officer of Matterport, Inc., reported the sale of Class A Common Stock.
• The sales occurred over three days: March 5th, 6th, and 7th of 2024.
• A total of 27,838 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 $1.89 to $1.99 on March 5th, $1.91 to $1.98 on March 6th, and $1.93 to $1.97 on March 7th.
• Following these transactions, Remley still beneficially owns 1,038,116 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock sales to cover taxes and fees, a routine transaction. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This Form 4 filing is a routine disclosure related to insider stock transactions and is a common occurrence for publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The stock sales could have a minor, temporary impact on the stock price due to the increased selling volume.
• The transactions provide transparency to shareholders regarding executive compensation and stock ownership.

Key Dates