Eric M. Leslie - Mar 2, 2022 Form 4 Insider Report for META MATERIALS INC. (MMAT)

Role
Director
Signature
/s/ Ken Rice, as Attorney-in-Fact
Stock symbol
MMAT
Transactions as of
Mar 2, 2022
Transactions value $
-$1
Form type
4
Date filed
3/4/2022, 06:05 PM
Previous filing
Apr 28, 2022
Next filing
Apr 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MMAT Common Stock Exercise of in-the-money or at-the-money derivative security $29.1K +74.7K +14.46% $0.39 591K Mar 2, 2022 Direct
transaction MMAT Common Stock Tax liability -$29.1K -13.9K -2.36% $2.09* 577K Mar 2, 2022 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 Warrant (right to buy) Exercise of in-the-money or at-the-money derivative security $0 -74.7K -100% $0.00* 0 Mar 2, 2022 Common Stock 74.7K $0.39 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 2, 2022, the reporting person exercised a warrant to purchase 74,724 shares of MMAT common stock for $0.39 a share. The reporting person paid the exercise price on a cashless basis, resulting in MMAT's withholding of 13,944 of the warrant shares to pay the exercise the price and issuing the reporting person the remaining 60,780 shares.
F2 Warrant is immediately exercisable.