| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | MMAT | Common Stock | Options Exercise | $2.75M | +600K | +4000% | $4.58* | 615K | Nov 17, 2021 | Direct | F1 |
| transaction | MMAT | Common Stock | Sale | -$129K | -30K | -4.88% | $4.30* | 585K | Nov 18, 2021 | Direct | |
| transaction | MMAT | Common Stock | Options Exercise | $2.16M | +500K | $4.31* | 500K | Nov 19, 2021 | By Spouse | F2 | |
| transaction | MMAT | Common Stock | Sale | -$350K | -80K | -13.68% | $4.37* | 505K | Nov 19, 2021 | Direct | |
| transaction | MMAT | Common Stock | Sale | -$33.6K | -8K | -1.58% | $4.20* | 497K | Nov 22, 2021 | Direct | |
| transaction | MMAT | Common Stock | Sale | -$37.8K | -9K | -1.8% | $4.20* | 491K | Nov 22, 2021 | By Spouse | |
| transaction | MMAT | Common Stock | Sale | -$532K | -130K | -26.16% | $4.10* | 367K | Nov 24, 2021 | Direct | F5 |
| transaction | MMAT | Common Stock | Sale | -$513K | -125K | -25.46% | $4.10* | 366K | Nov 24, 2021 | By Spouse | F6 |
| transaction | MMAT | Common Stock | Sale | -$76.4K | -19K | -5.18% | $4.02* | 348K | Nov 29, 2021 | Direct | |
| transaction | MMAT | Common Stock | Sale | -$92.8K | -23K | -6.28% | $4.03* | 343K | Nov 29, 2021 | By Spouse | F7 |
| transaction | MMAT | Common Stock | Sale | -$24.8K | -7K | -2.01% | $3.54* | 341K | Nov 30, 2021 | Direct | |
| transaction | MMAT | Series A Non-Voting Preferred Stock | Sale | -$52.5K | -30K | -100% | $1.75* | 0 | Nov 29, 2021 | Direct |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | MMAT | Exchangeable Shares | Gift | -200K | -0.85% | 23.3M | Nov 15, 2021 | Common Stock | 200K | Direct | F3, F4 | |||
| transaction | MMAT | Exchangeable Shares | Gift | +200K | +0.87% | 23.3M | Nov 15, 2021 | Common Stock | 200K | By Charity | F3, F4 | |||
| transaction | MMAT | Exchangeable Shares | Options Exercise | -600K | -2.57% | 22.7M | Nov 17, 2021 | Common Stock | 600K | Direct | F1, F3 | |||
| transaction | MMAT | Exchangeable Shares | Options Exercise | -500K | -2.13% | 22.9M | Nov 19, 2021 | Common Stock | 500K | By Spouse | F2, F3 | |||
| transaction | MMAT | Exchangeable Shares | Gift | -200K | -0.88% | 22.4M | Nov 24, 2021 | Common Stock | 200K | By Spouse | F3, F4 | |||
| transaction | MMAT | Exchangeable Shares | Gift | +200K | +0.9% | 22.4M | Nov 24, 2021 | Common Stock | 200K | By Charity | F3, F4 |
| Id | Content |
|---|---|
| F1 | On November 17, 2021, the reporting person exchanged 600,000 Exchangeable Shares into 600,000 shares of common stock at an exchange price of $4.58, the market price of the common stock on the business day preceding the exchange. |
| F2 | On November 19, 2021, the reporting person's spouse exchanged 500,000 Exchangeable Shares into 500,000 shares of common stock at an exchange price of $4.31, the market price of the common stock on the business day preceding the exchange. |
| F3 | Each Exchangeable Share, an exchangeable share of Metamaterial Exchangeco Inc., an Ontario corporation, is the economic equivalent of one share of MMAT common stock. Each Exchangeable Share holds a voting interest in Meta Materials Inc. equivalent to a share of common stock of Meta Materials Inc. and will be settled in shares of MMAT common stock upon certain events or at the election of the holder. |
| F4 | On November 15, 2021 the reporting person made a charitable gift of 200,000 Exchangeable Shares to a charity in which the reporting person holds decision making influence. On November 17, 2021, the reporting person's spouse made a charitable gift of 200,000 Exchangeable Shares to the same charity. In the hands of the charity, the reporting person and the reporting person's spouse disclaim beneficial ownership in the gifted Exchangeable Shares, and this report should not be deemed an admission that the reporting person is the beneficial owner of the charity's shares for purposes of Section 16 or for any other purpose. |
| F5 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.01 to $4.19, inclusive. The reporting person undertakes to provide to Meta Materials Inc., any security holder of Meta Materials Inc., or the staff of the Securities and Exchange commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (5), (6) and (7) to this Form 4. |
| F6 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.90 to $4.26, inclusive. |
| F7 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.03 to $4.04, inclusive. |