Lambert Anne Barber 4
4 · META MATERIALS INC. · Filed Oct 6, 2022
Insider Transaction Report
Form 4
Welch Thomas Gordon
10% Owner
Transactions
- Gift
Exchangeable Shares
2022-09-16−500,000→ 19,941,239 total(indirect: By Spouse)→ Common Stock (500,000 underlying) - Exercise/Conversion
Exchangeable Shares
2022-10-03−1,000,000→ 18,941,239 total(indirect: By Spouse)→ Common Stock (1,000,000 underlying) - Exercise/Conversion
Common Stock
2022-10-03$0.65/sh+1,000,000$650,000→ 3,450,243 total(indirect: By Spouse) - Gift
Exchangeable Shares
2022-09-12−1,000,000→ 20,214,309 total→ Common Stock (1,000,000 underlying) - Exercise/Conversion
Common Stock
2022-10-04$0.64/sh+1,500,000$960,000→ 1,500,000 total(indirect: By Foundation) - Gift
Exchangeable Shares
2022-09-12+1,000,000→ 1,000,000 total(indirect: By Foundation)→ Common Stock (1,000,000 underlying) - Gift
Exchangeable Shares
2022-09-16+500,000→ 1,500,000 total(indirect: By Foundation)→ Common Stock (500,000 underlying) - Exercise/Conversion
Exchangeable Shares
2022-10-04−1,500,000→ 0 total(indirect: By Foundation)→ Common Stock (1,500,000 underlying)
Footnotes (5)
- [F1]On October 3, 2022, the reporting person's spouse exchanged 1,000,000 Exchangeable Shares into 1,000,000 shares of common stock at an exchange price of $0.65, the market price of the common stock on the business day preceding the exchange.
- [F2]On October 4, 2022, Rotifer Foundation, Inc., a family foundation which the reporting person and the reporting person's spouse wholly own, exchanged 1,500,000 Exchangeable Shares into 1,500,000 shares of common stock at an exchange price of $0.64, the market price of the common stock on the business day preceding the exchange.
- [F3]On September 12, 2022, the reporting person transferred 1,000,000 Exchangeable Shares to a family foundation which the reporting person and the reporting person's spouse wholly own.
- [F4]On September 16, 2022, the reporting person's spouse transferred 500,000 Exchangeable Shares to a family foundation which the reporting person and the reporting person's spouse wholly own.
- [F5]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.