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

Japjit Tulsi, Chief Technology Officer of Matterport, Inc., reports the vesting of restricted stock units and subsequent acquisition of Class A Common Stock on April 15, 2024.

Summary

• On April 15, 2024, Japjit Tulsi, the Chief Technology Officer of Matterport, Inc., reported transactions involving the company's stock.
• Tulsi acquired 108,782 shares of Class A Common Stock upon the vesting of restricted stock units.
• The price per share for the acquisition was $0.00, as it was related to the vesting of restricted stock units.
• Following the reported transactions, Tulsi directly owns 465,107 shares of Class A Common Stock and 1,299,367 derivative securities.
• The restricted stock units commenced vesting on July 15, 2021, and vest in equal quarterly installments until fully vested on July 15, 2025.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, and is a standard practice for publicly traded companies like Matterport.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects the ongoing vesting of executive compensation.

Key Dates