Rice Kenneth L Jr - Mar 3, 2022 Form 4 Insider Report for META MATERIALS INC. (MMAT)

Role
Chief Operating Officer & Chief Financial Officer
Signature
/s/ Ken Rice, as Attorney-in-Fact
Stock symbol
MMAT
Transactions as of
Mar 3, 2022
Transactions value $
$593,984
Form type
4
Date filed
5/12/2022, 09:30 PM
Previous filing
Jul 8, 2021
Next filing
May 12, 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 $344K +218K +39.33% $1.58* 771K Mar 3, 2022 Common Stock 218K $1.58 Direct F1
transaction MMAT Restricted Stock Unit Award $250K +158K $1.58* 158K Mar 3, 2022 Common Stock 158K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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

Remarks:

Chief Operating Officer & Chief Financial Officer