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.

Content

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.

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.