In recent SEC filings, Tulsi Japjit, Chief Technology Officer of Matterport, Inc. (NASDAQ:MTTR), reported the sale of 85,015 shares of Class A Common Stock. The shares were sold at a weighted average price of $4.7348, resulting in a total transaction value of $402,529. The transaction comes as Matterport, now valued at $1.5 billion, trades near its 52-week high of $4.99, having delivered an impressive 75% return year-to-date. According to InvestingPro analysis, the stock currently appears fairly valued. The sales were part of a non-discretionary transaction to cover taxes and fees related to the vesting and settlement of restricted stock unit awards.
On December 1, Japjit also acquired 17,500 and 34,091 shares through the vesting of restricted stock units, priced at $0.00 per share. Following these transactions, Japjit holds a total of 608,744 shares directly.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.