Fay James Daniel, the Chief Financial Officer of Matterport, Inc. (NASDAQ:MTTR), recently executed a series of stock transactions, according to a recent SEC filing. On December 2, Daniel sold 119,312 shares of Matterport's Class A Common Stock, generating approximately $564,918. The shares were sold at a weighted average price of $4.7348, with transactions occurring at prices ranging from $4.71 to $4.765. The transaction comes as Matterport trades near its 52-week high of $4.99, having delivered an impressive 75.46% return year-to-date. According to InvestingPro analysis, the stock currently appears slightly undervalued.
In addition to the sale, Daniel acquired a total of 70,454 shares on December 1 through the exercise of restricted stock units. These shares were acquired at no cost, as part of a planned vesting schedule. Following these transactions, Daniel holds a direct ownership of 1,690,458 shares in the company.
These transactions were part of a non-discretionary plan to cover taxes and fees associated with the vesting and settlement of restricted stock unit awards.
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