Georgios Palikaras - Nov 19, 2021 Form 4 Insider Report for META MATERIALS INC. (MMAT)

Role
CEO and President, Director, 10%+ Owner
Signature
/s/ Ken Rice, as Attorney-in-Fact
Stock symbol
MMAT
Transactions as of
Nov 19, 2021
Transactions value $
-$2,587,319
Form type
4
Date filed
11/26/2021, 03:21 PM
Previous filing
Sep 29, 2021
Next filing
Feb 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MMAT Common Stock Options Exercise $0 +1.63M +61.4% $0.00 4.28M Nov 19, 2021 Direct
transaction MMAT Common Stock Sale -$1.44M -343K -8.03% $4.20* 3.94M Nov 19, 2021 Direct F1
transaction MMAT Common Stock Sale -$704K -175K -4.44% $4.02* 3.76M Nov 22, 2021 Direct F1
holding MMAT Common Stock 3.31M Nov 19, 2021 Held by Nadine Geddes
holding MMAT Common Stock 23M Nov 19, 2021 See footnote F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MMAT Stock Option (Right to Buy) Options Exercise -$41K -152K -100% $0.27 0 Nov 19, 2021 Common Stock 152K $0.27 Direct F3
transaction MMAT Stock Option (Right to Buy) Options Exercise -$399K -1.48M -50% $0.27 1.48M Nov 19, 2021 Common Stock 1.48M $0.27 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares sold to satisfy option exercise expenses and the tax withholding requirements upon exercise of the options.
F2 The reported securities held by Lamda Guard Technologies Ltd. Georgios Palikaras and Nadine Geddes hold a percentage of Lamda Guard Technologies Ltd. Georgios Palikaras and Nadine Geddes each disclaim beneficial ownership of the shares held by Lamda Guard Technologies Ltd. except to the extent of his or her pecuniary interest therein, if any.
F3 100% of the Shares subject to the option vest on March 6, 2020
F4 Subject to the reporting person continuing to provide services to the company through each vesting event, 50% of the shares subject to the option will vest annually over two years beginning on March 23, 2021, such that the shares are fully vested on March 23, 2022.