Jonathan Waldern - Mar 3, 2023 Form 4 Insider Report for META MATERIALS INC. (MMAT)

Role: Chief Technology Officer
Signature: /s/ Ken Rice, as Attorney-in-Fact
Stock symbol: MMAT
Transactions as of: Mar 3, 2023
Transactions value $: -$10,944
Form type: 4
Date filed: 4/3/2023, 05:55 PM
Previous filing: Nov 14, 2022
Next filing: May 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MMAT	Common Stock	Options Exercise		+31.6K			31.6K	Mar 3, 2023	Direct	F1
transaction	MMAT	Common Stock	Sale	-$10.9K	-17.4K	-54.89%	$0.63	14.3K	Mar 13, 2023	Direct	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	Restricted Stock Units	Options Exercise	$0	-31.6K	-25%	$0.00	94.9K	Mar 3, 2023	Common Stock	31.6K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	The Reporting Person was granted 126,582 restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of the Issuer's common stock. 25% of the RSUs vested on March 3, 2023, 25% of the RSUs will vest on March 3, 2024, 25% of the RSUs will vest on March 3, 2025, and 25% of the RSUs will vest on March 3, 2026, subject to continued service to the Issuer through each vesting date.
F2	The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.

Content

The Reporting Person was granted 126,582 restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of the Issuer's common stock. 25% of the RSUs vested on March 3, 2023, 25% of the RSUs will vest on March 3, 2024, 25% of the RSUs will vest on March 3, 2025, and 25% of the RSUs will vest on March 3, 2026, subject to continued service to the Issuer through each vesting date.

The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.