RICE KENNETH L JR - 03 Mar 2023 Form 4 Insider Report for META MATERIALS INC.

Role
Chief Operating Officer & Chief Financial Officer
Signature
/s/ Ken Rice
Issuer symbol
N/A
Transactions as of
03 Mar 2023
Net transactions value
-$11,626
Form type
4
Filing time
03 Apr 2023, 18:13:07 UTC
Previous filing
14 Nov 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 +39,557 39,557 03 Mar 2023 Direct F1
transaction MMAT Common Stock Sale $11,626 -18,454 -47% $0.6300 21,103 13 Mar 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 -39,557 -25% $0.000000 118,671 03 Mar 2023 Common Stock 39,557 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 158,228 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.

Remarks:

Chief Operating Officer & Chief Financial Officer