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

Signature
/s/ Ken Rice, as Attorney-in-Fact
Stock symbol
MMAT
Transactions as of
Mar 18, 2021
Transactions value $
-$317,149
Form type
4
Date filed
3/22/2022, 08:41 PM
Next filing
Jul 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MMAT Common Stock Options Exercise $46.3K +171K $0.27 171K Mar 21, 2022 Direct
transaction MMAT Common Stock Sale -$317K -171K -100% $1.85* 0 Mar 22, 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 -$46.3K -171K -10.81% $0.27 1.41M Mar 18, 2022 Common Stock 1.59M $0.27 Direct F2
* 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 171,432 shares sold in multiple transactions in the price range of $1.83 to $1.88, inclusive, 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.