Ahmed Shebl - Nov 5, 2023 Form 3 Insider Report for META MATERIALS INC. (MMAT)

Role
CAO and Interim CFO
Signature
/s/ Ahmed Shebl
Stock symbol
MMAT
Transactions as of
Nov 5, 2023
Transactions value $
$0
Form type
3
Date filed
11/22/2023, 08:32 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding MMAT Common Stock 29.7K Nov 5, 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
holding MMAT Stock Option (Right to Buy) Nov 5, 2023 Common Stock 17.2K $0.27 Direct F2
holding MMAT Stock Option (Right to Buy) Nov 5, 2023 Common Stock 54.4K $1.58 Direct F3
holding MMAT Stock Option (Right to Buy) Nov 5, 2023 Common Stock 20K $1.58 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the remaining balance of a restricted stock award granted on March 3, 2022. The remaining balance will vest in equal annual installments beginning on March 3, 2024.
F2 Represents the remaining balance of a stock option award granted on December 15, 2020. 7,560 shares subject to the outstanding balance of this stock option award are currently vested. Subject to the reporting person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan), the remaining balance of 9,623 unvested shares will vest in equal monthly installments, such that the option is fully vested on the 4-year anniversary of December 15, 2024.
F3 Represents a stock option awarded on March 3, 2022. One-fourth of the shares subject to the stock option are currently vested. Subject to the reporting person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan), the remaining shares subject to the stock option shall vest in equal annual installments over 3 years on the same date from March 3, 2024, such that the option is fully vested on the 4-year anniversary of March 3, 2026.
F4 Represents a stock option awarded on March 3, 2022. One-half of the shares subject to the stock option are currently vested. Subject to the reporting person continuing to be a Service Provider (as defined in the Issuer's 2021 Equity Incentive Plan), the remaining shares subject to the stock option shall vest in equal annual installments over 2 years on the same date from March 3, 2024, such that the option is fully vested on the 4-year anniversary of March 3, 2025.

Remarks:

Remarks: Exhibit 24 - Power of Attorney