Jonathan Waldern - Nov 18, 2021 Form 4 Insider Report for META MATERIALS INC. (MMAT)

Role: Chief Technical Officer
Signature: /s/ Ken Rice, as Attorney-in-Fact
Stock symbol: MMAT
Transactions as of: Nov 18, 2021
Transactions value $: -$1,909,324
Form type: 4
Date filed: 11/29/2021, 08:41 PM
Previous filing: Jul 8, 2021
Next filing: May 12, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MMAT	Common Stock	Options Exercise	$127K	+471K		$0.27	471K	Nov 18, 2021	Direct	F2
transaction	MMAT	Common Stock	Sale	-$1.91M	-471K	-100%	$4.05^*	0	Nov 18, 2021	Direct	F1

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	-$127K	-471K	-22.92%	$0.27	1.59M	Nov 18, 2021	Common Stock	2.06M	$0.27	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the weighted average shares price of an aggregate total of 518,287 shares sold in the price range of $3.96 to $4.25 by the Reporting Person. The Reporting Person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.
F2	Subject to the reporting person continuing to provide services to the company through each vesting event, the shares subject to the option shall vest in equal monthly installments over 48 months from the vesting commencement date on the same day of the month as the vesting commencement date. The vesting commencement date is December 14, 2020. The vesting schedule for this option was inadvertently previously disclosed as vesting 25% on the one year anniversary of the vesting commencement date, and in equal monthly installments over the next 36 months thereafter.

Content

Represents the weighted average shares price of an aggregate total of 518,287 shares sold in the price range of $3.96 to $4.25 by the Reporting Person. The Reporting Person undertakes to provide upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.

Subject to the reporting person continuing to provide services to the company through each vesting event, the shares subject to the option shall vest in equal monthly installments over 48 months from the vesting commencement date on the same day of the month as the vesting commencement date. The vesting commencement date is December 14, 2020. The vesting schedule for this option was inadvertently previously disclosed as vesting 25% on the one year anniversary of the vesting commencement date, and in equal monthly installments over the next 36 months thereafter.