Thomas Gordon Welch - 15 Nov 2021 Form 4 Insider Report for META MATERIALS INC.

Role
10%+ Owner
Signature
/s/ Thomas Welch
Issuer symbol
N/A
Transactions as of
15 Nov 2021
Net transactions value
+$3,061,708
Form type
4
Filing time
09 Dec 2021, 06:14:23 UTC
Previous filing
08 Dec 2021
Next filing
07 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MMAT Common Stock Options Exercise $2,748,000 +600,000 +4000% $4.58* 615,000 17 Nov 2021 Direct F1
transaction MMAT Common Stock Sale $129,000 -30,000 -4.9% $4.30* 585,000 18 Nov 2021 Direct
transaction MMAT Common Stock Options Exercise $2,155,000 +500,000 $4.31* 500,000 19 Nov 2021 By Spouse F2
transaction MMAT Common Stock Sale $349,600 -80,000 -14% $4.37* 505,000 19 Nov 2021 Direct
transaction MMAT Common Stock Sale $33,600 -8,000 -1.6% $4.20* 497,000 22 Nov 2021 Direct
transaction MMAT Common Stock Sale $37,800 -9,000 -1.8% $4.20* 491,000 22 Nov 2021 By Spouse
transaction MMAT Common Stock Sale $532,350 -130,000 -26% $4.10* 367,000 24 Nov 2021 Direct F5
transaction MMAT Common Stock Sale $512,500 -125,000 -25% $4.10* 366,000 24 Nov 2021 By Spouse F6
transaction MMAT Common Stock Sale $76,380 -19,000 -5.2% $4.02* 348,000 29 Nov 2021 Direct
transaction MMAT Common Stock Sale $92,782 -23,000 -6.3% $4.03* 343,000 29 Nov 2021 By Spouse F7
transaction MMAT Common Stock Sale $24,780 -7,000 -2% $3.54* 341,000 30 Nov 2021 Direct
transaction MMAT Series A Non-Voting Preferred Stock Sale $52,500 -30,000 -100% $1.75* 0 29 Nov 2021 Direct

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 Exchangeable Shares Gift -200,000 -0.85% 23,314,309 15 Nov 2021 Common Stock 200,000 Direct F3, F4
transaction MMAT Exchangeable Shares Gift +200,000 +0.87% 23,314,309 15 Nov 2021 Common Stock 200,000 By Charity F3, F4
transaction MMAT Exchangeable Shares Options Exercise -600,000 -2.6% 22,714,309 17 Nov 2021 Common Stock 600,000 Direct F1, F3
transaction MMAT Exchangeable Shares Options Exercise -500,000 -2.1% 22,941,239 19 Nov 2021 Common Stock 500,000 By Spouse F2, F3
transaction MMAT Exchangeable Shares Gift -200,000 -0.88% 22,441,239 24 Nov 2021 Common Stock 200,000 By Spouse F3, F4
transaction MMAT Exchangeable Shares Gift +200,000 +0.9% 22,441,239 24 Nov 2021 Common Stock 200,000 By Charity F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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.