Thomas Gordon Welch - 20 Dec 2022 Form 4 Insider Report for META MATERIALS INC.

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
22 Dec 2022, 19:55:03 UTC
Prior SEC filing
09 Dec 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Thomas Welch

Key filing fact

Thomas Gordon Welch filed Form 4 for META MATERIALS INC. on 22 Dec 2022.

Key facts

  • This page summarizes Thomas Gordon Welch's Form 4 filing for META MATERIALS INC..
  • 2 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 22 Dec 2022, 19:55.

Change

  • Previous filing in this sequence was filed on 09 Dec 2022.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MMAT transaction Derivative

Exchangeable Shares

Gift

Transaction value
Shares
-1,350,000
Change %
-6.8%
Price
Shares after
18,364,309
Date
20 Dec 2022
Ownership
Direct
Underlying class
Exchangeable Shares
Underlying amount
1,350,000
Exercise price
Footnotes
F1
MMAT transaction Derivative

Exchangeable Shares

Gift

Transaction value
Shares
+1,350,000
Change %
+7.9%
Price
Shares after
18,364,309
Date
20 Dec 2022
Ownership
By Charity
Underlying class
Exchangeable Shares
Underlying amount
1,350,000
Exercise price
Footnotes
F1, F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Each Exchangeable Share, an exchangeable share of Metamaterial Exchangeco Inc., an Ontario corporation, is the economic equivalent of one share of MMAT common stock. Each Exchangeable Share holds a voting interest in Meta Materials Inc. equivalent to a share of common stock of Meta Materials Inc. and will be settled in shares of MMAT common stock upon certain events or at the election of the holder.

Footnote F2

On December 20, 2022, the reporting persons made a charitable gift of 1,350,000 Exchangeable Shares to a charity in which the reporting persons hold decision making influence. In the hands of the charity, the reporting persons disclaim beneficial ownership in the gifted Exchangeable Shares, and this report should not be deemed an admission that the reporting persons are the beneficial owners of the charity's shares for purposes of Section 16 or for any other purpose.

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