MTTR.Matterport, Inc/de

Form 4: Matterport's Chief Technology Officer, Japjit Tulsi, Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

📋All filings for Matterport, Inc/de
🔒Login to Follow

Japjit Tulsi, Chief Technology Officer of Matterport, Inc., reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units.

Summary

  • On September 1, 2024, Japjit Tulsi, the Chief Technology Officer of Matterport, acquired 34,091 and 17,500 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs).
  • On the same day, 17,500 and 34,091 Restricted Stock Units were converted.
  • On September 3, 2024, Tulsi disposed of 32,032 shares of Class A Common Stock at a weighted average price of $4.4125 per share, with prices ranging from $4.35 to $4.46.
  • Following these transactions, Tulsi directly owns 586,390 shares of Class A Common Stock, 1,087,404 Restricted Stock Units vesting from March 1, 2024 to March 1, 2028, and 1,121,495 Restricted Stock Units vesting from March 1, 2023 to March 1, 2027.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key personnel and their sentiment towards the company's stock.

Stakeholder Impact

  • Shareholders can use this information to understand the trading activity of a key executive.
  • The transactions may have a minor impact on the stock price due to the sale of shares.

Key Dates

DateDescription
03/01/2023Restricted stock units commenced vesting, with underlying shares vesting in equal quarterly installments until fully vested on March 1, 2027.
03/01/2024Restricted stock units commenced vesting, with underlying shares vesting in equal quarterly installments until fully vested on March 1, 2028.
09/01/2024Acquisition of 34,091 and 17,500 shares of Class A Common Stock through RSU vesting.
09/01/2024Conversion of 17,500 and 34,091 Restricted Stock Units.
09/03/2024Disposal of 32,032 shares of Class A Common Stock at an average price of $4.4125.
03/01/2027Restricted stock units commenced vesting on March 1, 2023 fully vested.
03/01/2028Restricted stock units commenced vesting on March 1, 2024 fully vested.
09/04/2024Date of signature for the Form 4 filing.

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.