Jonathan Waldern - Feb 15, 2022 Form 4 Insider Report for META MATERIALS INC. (MMAT)

Signature
/s/ Ken Rice, as Attorney-in-Fact
Stock symbol
MMAT
Transactions as of
Feb 15, 2022
Transactions value $
$4,206,585
Form type
4
Date filed
5/12/2022, 09:18 PM
Previous filing
Nov 29, 2021
Next filing
Mar 25, 2022

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) Award $1.38M +699K +48.77% $1.97* 2.13M Feb 15, 2022 Common Stock 699K $1.97 Direct F1
transaction MMAT Stock Option (Right to Buy) Award $1.38M +702K +33.21% $1.97* 2.82M Feb 15, 2022 Common Stock 702K $1.97 Direct F1
transaction MMAT Stock Option (Right to Buy) Award $970K +493K +17.49% $1.97* 3.31M Feb 15, 2022 Common Stock 493K $1.97 Direct F1
transaction MMAT Stock Option (Right to Buy) Award $275K +174K +5.26% $1.58* 3.48M Mar 3, 2022 Common Stock 174K $1.58 Direct F2
transaction MMAT Restricted Stock Unit Award $200K +127K $1.58* 127K Mar 3, 2022 Common Stock 127K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options are fully vested.
F2 The options vest in four equal annual installments beginning on March 3, 2023 subject to continued service to the Issuer through each vesting date.
F3 Each restricted stock unit represents a contingent right to receive one share of MMAT common stock upon vest.
F4 The restricted stock units vest in four equal annual installments beginning on March 3, 2023 subject to continued service to the Issuer through each vesting date.