Thomas Welch - Oct 3, 2022 Form 4 Insider Report for META MATERIALS INC. (MMAT)

Role
10%+ Owner
Signature
/s/ Thomas Welch
Stock symbol
MMAT
Transactions as of
Oct 3, 2022
Transactions value $
$1,610,000
Form type
4
Date filed
10/6/2022, 09:22 PM
Previous filing
Jun 28, 2022
Next filing
Oct 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MMAT Common Stock Options Exercise $650K +1M +40.81% $0.65 3.45M Oct 3, 2022 By Spouse F1
transaction MMAT Common Stock Options Exercise $960K +1.5M $0.64 1.5M Oct 4, 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 -1M -4.71% $0.00 20.2M Sep 12, 2022 Common Stock 1M Direct F3, F5
transaction MMAT Exchangeable Shares Gift $0 +1M $0.00 1M Sep 12, 2022 Common Stock 1M By Rotifer Foundation, Inc F5
transaction MMAT Exchangeable Shares Gift $0 -500K -2.45% $0.00 19.9M Sep 16, 2022 Common Stock 500K By Spouse F4, F5
transaction MMAT Exchangeable Shares Gift $0 +500K +50% $0.00 1.5M Sep 16, 2022 Common Stock 500K By Rotifer Foundation, Inc. F5
transaction MMAT Exchangeable Shares Options Exercise -1M -5.01% 18.9M Oct 3, 2022 Common Stock 1M By Spouse F1, F5
transaction MMAT Exchangeable Shares Options Exercise -1.5M -100% 0 Oct 4, 2022 Common Stock 1.5M 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.