Thomas Gordon Welch - 03 Mar 2022 Form 4 Insider Report for META MATERIALS INC.

Role
10%+ Owner
Signature
/s/ Thomas Welch
Issuer symbol
N/A
Transactions as of
03 Mar 2022
Net transactions value
+$0.81
Form type
4
Filing time
07 Mar 2022, 20:08:45 UTC
Previous filing
11 Feb 2022
Next filing
28 Jun 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 Exercise of in-the-money or at-the-money derivative security $36,375 +93,268 +4% $0.3900 2,436,268 03 Mar 2022 By Spouse
transaction MMAT Common Stock Exercise of in-the-money or at-the-money derivative security $36,375 +93,268 +5.1% $0.3900 1,934,268 03 Mar 2022 Direct
transaction MMAT Common Stock Tax liability $36,373 -21,025 -0.86% $1.73* 2,415,243 03 Mar 2022 By Spouse F1
transaction MMAT Common Stock Tax liability $36,375 -21,026 -1.1% $1.73* 1,913,242 03 Mar 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 -186,536 -100% $0.000000* 0 03 Mar 2022 Common Stock 186,536 $0.3900 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 3, 2022, the reporting person exercised a warrant to purchase 186,536 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 42,051 of the warrant shares to pay the exercise the price and issuing the reporting person and the reporting person's spouse the remaining 144,485 shares.
F2 Warrant is immediately exercisable.