Georgios Palikaras - Mar 3, 2022 Form 4 Insider Report for META MATERIALS INC. (MMAT)

Role
CEO and President, Director
Signature
/s/ Ken Rice, as Attorney-in-Fact
Stock symbol
MMAT
Transactions as of
Mar 3, 2022
Transactions value $
$20,000
Form type
4
Date filed
4/3/2023, 07:02 PM
Previous filing
Feb 15, 2022
Next filing
Jun 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MMAT Common Stock Options Exercise +127K +10.92% 1.29M Mar 3, 2023 Direct F1
transaction MMAT Common Stock Options Exercise +3.17K 3.17K Mar 3, 2023 By spouse Nadine Geddes 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 -127K -25% $0.00 380K Mar 3, 2023 Common Stock 127K Direct F1
transaction MMAT Restricted Stock Units Award $20K +12.7K $1.58* 12.7K Mar 3, 2022 Common Stock 12.7K By spouse Nadine Geddes F3, F4
transaction MMAT Restricted Stock Units Options Exercise $0 -3.17K -25% $0.00 9.49K Mar 3, 2023 Common Stock 3.17K By spouse Nadine Geddes F2
* 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 506,329 restricted stock units ("RSUs") on March 3, 2022, 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 Reporting Person's spouse was granted 12,658 restricted stock units ("RSUs") on March 3, 2022, 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.
F3 Each restricted stock unit represents a contingent right tor receive one share of MMAT common stock upon vest.
F4 The restricted stock units vest in four equal installments beginning on March 3, 2023 subject to continued service to the Issuer through each vesting date.