Secore Jason Benjamin 4

4 · Matternet, Inc. · Filed May 27, 2026

Insider Transaction Report

Form 4

Period: 2026-05-22

Matternet, Inc.NONE

Secore Jason Benjamin

Chief Financial Officer

Transactions

Award
Common Stock
[F1]
2026-05-22+105,682→ 105,682 total
Award
Employee Stock Option (right to buy)
[F2][F3]
2026-05-22+572,032→ 572,032 total
Exp: 2033-03-08→ Common Stock (572,032 underlying)
Award
Employee Stock Option (right to buy)
[F2][F4]
2026-05-22+197,611→ 197,611 total
Exp: 2034-12-19→ Common Stock (197,611 underlying)

Footnotes (4)

[F1]Received in connection with the Issuer's merger (the "Merger") with Matternet, Inc. ("Legacy Matternet") in accordance with the terms of the Agreement and Plan of Merger and Reorganization dated as of May 22, 2026, by and among the Issuer (f/k/a Los Altos Ventures Corp.), Matternet Acquisition Co. and Legacy Matternet (the "Merger Agreement"), in exchange for shares of Legacy Matternet common stock. Pursuant to the terms of the Merger Agreement, at the effective time of the Merger, each issued and outstanding share of Legacy Matternet common stock was converted into the right to receive 2.0801 shares of the Issuer's common stock, rounded to the nearest whole share (the "Conversion Ratio").
[F2]Each vested and unvested option to purchase shares of common stock of Legacy Matternet outstanding immediately prior to the effective time of the Merger was assumed by the Issuer and converted into an option to purchase shares of common stock equal to the product of (a) the number of shares of common stock subject to such option immediately prior to the effective time of the Merger and (b) the Conversion Ratio, at an exercise price per share equal to (i) the exercise price per share of such option immediately prior to the effective time of the Merger divided by (ii) the Conversion Ratio.
[F3]The shares subject to the option shall become vested and exercisable according to the following schedule: 25% of the shares subject to the option shall vest on the first anniversary of the vesting commencement date, and the remaining shares shall vest in equal monthly installments over the next 36 months.
[F4]The shares subject to the option shall become vested and exercisable in 48 equal monthly installments from the vesting commencement date.

Signature

/s/ Jason Benjamin Secore|2026-05-27

Documents

1 file

4
form4-05272026_110527.xmlPrimary