David Daniel Eaton - Jul 12, 2023 Form 4 Insider Report for META MATERIALS INC. (MMAT)

Role
Chief Legal Officer
Signature
/s/ David Daniel Eaton
Stock symbol
MMAT
Transactions as of
Jul 12, 2023
Transactions value $
$0
Form type
4
Date filed
7/14/2023, 08:32 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MMAT Common Stock Award $0 +100K $0.00 100K Jul 12, 2023 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 Stock Option (Right to Buy) Award $0 +320K $0.00 320K Jul 12, 2023 Common Stock 320K $0.19 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reported shares are represented by restricted stock units ("RSUs"), and each RSU is the economic equivalent of one share of Meta Materials Inc. common stock. Subject to the reporting person continuing as a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan) from July 12, 2023, the RSUs will vest in equal annual installments over 4 years from July 12, 2023 such that the RSUs are fully vested on the 4-year anniversary of July 12, 2023.
F2 Subject to the reporting person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan) from July 12, 2023, the shares subject to the stock option shall vest in equal annual installments over 4 years on the same date from July 12, 2023, such that the option is fully vested on the 4-year anniversary of July 12, 2023.