SUNNYVALE, Calif.—Matthew Zinn, the Chief Legal Officer of Matterport, Inc. (NASDAQ:MTTR), recently executed a series of stock transactions, according to a filing with the Securities and Exchange Commission. The transactions come as Matterport's stock trades near its 52-week high of $4.99, having delivered an impressive 75.46% return year-to-date. On December 2, Zinn sold 84,441 shares of Matterport's Class A Common Stock, amounting to approximately $399,811, at a weighted average price of $4.7348 per share.
Earlier, on December 1, Zinn acquired 45,454 shares through the exercise of restricted stock units, a move that did not involve any cash transaction. Additionally, on November 29, he acquired 3,000 shares under the company's Employee Stock Purchase Plan at $2.2865 per share, totaling $6,859. InvestingPro analysis shows the company maintains a strong balance sheet with more cash than debt, though it remains unprofitable over the last twelve months.
These transactions reflect routine financial management activities, including a non-discretionary sale to cover taxes and fees associated with the vesting of restricted stock units. For deeper insights into Matterport's financial health and additional exclusive analysis, check out the comprehensive Pro Research Report available on InvestingPro.
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