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Matternet, Inc.·4

May 27, 7:52 PM ET

Marton Laurence 4

Research Summary

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Matternet Director Marton Laurence Receives Awarded Shares

What Happened
Marton Laurence, a director of Matternet, reported receipt of equity in connection with the issuer's merger with Legacy Matternet. The filing shows a direct grant of 52,003 shares and three derivative awards (listed as awards/assumed options) covering 266,488, 181,898 and 41,602 shares (totaling 489,988 derivative shares). Combined, the reported items equal 541,991 shares. The derivative items are reported at $0.00 per share in the filing.

Key Details

  • Transaction date: May 22, 2026; Form 4 filed May 27, 2026 (filed after the transaction date; may be later than the 2-business-day Form 4 filing rule).
  • Reported items: 52,003 shares (direct grant) and 266,488 / 181,898 / 41,602 derivative-share awards (total 489,988 derivative shares). Grand total reported: 541,991 shares.
  • Reported price: Direct grant shows no per-share price; derivative awards listed at $0.00 per share in the filing.
  • Shares owned after transaction: Not disclosed in the provided filing.
  • Footnotes of note:
    • F1: Shares were received in the Merger pursuant to the Merger Agreement; each Legacy Matternet share converted into 2.0801 shares of the issuer (rounded to nearest whole share).
    • F2: Outstanding Legacy Matternet options were assumed and converted into options reflecting the Conversion Ratio; exercise prices were adjusted per the Merger Agreement.
    • F3/F4: Converted options carry vesting schedules (some vest in 48 equal monthly installments; others in 24 equal monthly installments from the vesting commencement date).

Context
These entries are merger-related awards and conversions (transaction code A = award/grant). The derivative items reflect assumed/converted options rather than open-market purchases or sales; vesting schedules mean many of these shares will vest over time rather than immediately. The filing does not disclose immediate sales or cashless exercises. Because this is a merger-driven equity conversion and option assumption, it reflects corporate transaction mechanics rather than a straightforward insider purchase or sale.