Lambert Anne Barber 4
4 · META MATERIALS INC. · Filed Oct 27, 2022
Insider Transaction Report
Form 4
Welch Thomas Gordon
10% Owner
Transactions
- Exercise/Conversion
Common Stock
2022-10-25$0.97/sh+500,000$485,200→ 2,448,242 total - Exercise/Conversion
Exchangeable Shares
2022-10-25−500,000→ 19,714,309 total→ Common Stock (500,000 underlying)
Footnotes (2)
- [F1]On October 25, 2022, the reporting person exchanged 500,000 Exchangeable Shares into 500,000 shares of MMAT common stock at an exchange price of $0.9704, the market price of the common stock on the business day of the exchange.
- [F2]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.