Thomas Welch - Oct 25, 2022 Form 4 Insider Report for META MATERIALS INC. (MMAT)

Role
10%+ Owner
Signature
/s/ Thomas Welch
Stock symbol
MMAT
Transactions as of
Oct 25, 2022
Transactions value $
$485,200
Form type
4
Date filed
10/27/2022, 05:50 PM
Previous filing
Oct 6, 2022
Next filing
Dec 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MMAT Common Stock Options Exercise $485K +500K +25.66% $0.97 2.45M Oct 25, 2022 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 Exchangeable Shares Options Exercise -500K -2.47% 19.7M Oct 25, 2022 Common Stock 500K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 25, 2022, the reporting person exchanged 500,000 Exchangeable Shares into 500,000 shares of MMAT common stock at an exchange price of $0.9704, the market price of the common stock on the business day of the exchange.
F2 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.