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

Role: 10%+ Owner
Signature: /s/ Thomas Welch
Issuer symbol: N/A
Transactions as of: 03 Oct 2022
Net transactions value: +$1,610,000
Form type: 4
Filing time: 06 Oct 2022, 21:22:41 UTC
Previous filing: 28 Jun 2022
Next filing: 27 Oct 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	Options Exercise	$650,000	+1,000,000	+41%	$0.6500	3,450,243	03 Oct 2022	By Spouse	F1
transaction	MMAT	Common Stock	Options Exercise	$960,000	+1,500,000		$0.6400	1,500,000	04 Oct 2022	By Rotifer Foundation, Inc.	F2

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	Exchangeable Shares	Gift	$0	-1,000,000	-4.7%	$0.000000	20,214,309	12 Sep 2022	Common Stock	1,000,000		Direct	F3, F5
transaction	MMAT	Exchangeable Shares	Gift	$0	+1,000,000		$0.000000	1,000,000	12 Sep 2022	Common Stock	1,000,000		By Rotifer Foundation, Inc	F5
transaction	MMAT	Exchangeable Shares	Gift	$0	-500,000	-2.4%	$0.000000	19,941,239	16 Sep 2022	Common Stock	500,000		By Spouse	F4, F5
transaction	MMAT	Exchangeable Shares	Gift	$0	+500,000	+50%	$0.000000	1,500,000	16 Sep 2022	Common Stock	500,000		By Rotifer Foundation, Inc.	F5
transaction	MMAT	Exchangeable Shares	Options Exercise		-1,000,000	-5%		18,941,239	03 Oct 2022	Common Stock	1,000,000		By Spouse	F1, F5
transaction	MMAT	Exchangeable Shares	Options Exercise		-1,500,000	-100%		0	04 Oct 2022	Common Stock	1,500,000		By Rotifer Foundation, Inc.	F2, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On October 3, 2022, the reporting person's spouse exchanged 1,000,000 Exchangeable Shares into 1,000,000 shares of common stock at an exchange price of $0.65, the market price of the common stock on the business day preceding the exchange.
F2	On October 4, 2022, Rotifer Foundation, Inc., a family foundation which the reporting person and the reporting person's spouse wholly own, exchanged 1,500,000 Exchangeable Shares into 1,500,000 shares of common stock at an exchange price of $0.64, the market price of the common stock on the business day preceding the exchange.
F3	On September 12, 2022, the reporting person transferred 1,000,000 Exchangeable Shares to a family foundation which the reporting person and the reporting person's spouse wholly own.
F4	On September 16, 2022, the reporting person's spouse transferred 500,000 Exchangeable Shares to a family foundation which the reporting person and the reporting person's spouse wholly own.
F5	Each Exchangeable Share, an exchangeable share of Metamaterial Exchangeco Inc., an Ontario corporation, is the economic equivalent of one share of MMAT common stock. Each Exchangeable Share holds a voting interest in Meta Materials Inc. equivalent to a share of common stock of Meta Materials Inc. and will be settled in shares of MMAT common stock upon certain events or at the election of the holder.