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Filing Details

Accession Number:: 0000899243-21-047473
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-12-09 07:14:23
Reporting Period:: 2021-11-15

Accepted Time:: 2021-12-09 07:14:23
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1431959	Meta Materials Inc.	MMAT	Semiconductors & Related Devices (3674)	743237581

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1886866	Barber Anne Lambert	C/O Meta Materials Inc. 1 Research Drive Dartmouth A5 B2Y 4M9		No	No	Yes	No
1887942	Gordon Thomas Welch	C/O Meta Materials Inc. 1 Research Drive Dartmouth A5 B2Y 4M9		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2021-11-17	600,000	$4.58	615,000	No	4	M	Direct
Common Stock	Disposition	2021-11-18	30,000	$4.30	585,000	No	4	S	Direct
Common Stock	Acquisiton	2021-11-19	500,000	$4.31	500,000	No	4	M	Indirect	By Spouse
Common Stock	Disposition	2021-11-19	80,000	$4.37	505,000	No	4	S	Direct
Common Stock	Disposition	2021-11-22	8,000	$4.20	497,000	No	4	S	Direct
Common Stock	Disposition	2021-11-22	9,000	$4.20	491,000	No	4	S	Indirect	By Spouse
Common Stock	Disposition	2021-11-24	130,000	$4.10	367,000	No	4	S	Direct
Common Stock	Disposition	2021-11-24	125,000	$4.10	366,000	No	4	S	Indirect	By Spouse
Common Stock	Disposition	2021-11-29	19,000	$4.02	348,000	No	4	S	Direct
Common Stock	Disposition	2021-11-29	23,000	$4.03	343,000	No	4	S	Indirect	By Spouse
Common Stock	Disposition	2021-11-30	7,000	$3.54	341,000	No	4	S	Direct
Series A Non-Voting Preferred Stock	Disposition	2021-11-29	30,000	$1.75	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct
No	4	M	Indirect	By Spouse
No	4	S	Direct
No	4	S	Direct
No	4	S	Indirect	By Spouse
No	4	S	Direct
No	4	S	Indirect	By Spouse
No	4	S	Direct
No	4	S	Indirect	By Spouse
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Exchangeable Shares	Disposition	2021-11-15	200,000	$0.00	200,000	$0.00
Common Stock	Exchangeable Shares	Acquisiton	2021-11-15	200,000	$0.00	200,000	$0.00
Common Stock	Exchangeable Shares	Disposition	2021-11-17	600,000	$0.00	600,000	$0.00
Common Stock	Exchangeable Shares	Disposition	2021-11-19	500,000	$0.00	500,000	$0.00
Common Stock	Exchangeable Shares	Disposition	2021-11-24	200,000	$0.00	200,000	$0.00
Common Stock	Exchangeable Shares	Acquisiton	2021-11-24	200,000	$0.00	200,000	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
23,314,309	No	4	G	Direct
23,314,309	No	4	G	Indirect
22,714,309	No	4	M	Direct
22,941,239	No	4	M	Indirect
22,441,239	No	4	G	Indirect
22,441,239	No	4	G	Indirect

Footnotes

On November 17, 2021, the reporting person exchanged 600,000 Exchangeable Shares into 600,000 shares of common stock at an exchange price of $4.58, the market price of the common stock on the business day preceding the exchange.
On November 19, 2021, the reporting person's spouse exchanged 500,000 Exchangeable Shares into 500,000 shares of common stock at an exchange price of $4.31, the market price of the common stock on the business day preceding the exchange.
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.
On November 15, 2021 the reporting person made a charitable gift of 200,000 Exchangeable Shares to a charity in which the reporting person holds decision making influence. On November 17, 2021, the reporting person's spouse made a charitable gift of 200,000 Exchangeable Shares to the same charity. In the hands of the charity, the reporting person and the reporting person's spouse disclaim beneficial ownership in the gifted Exchangeable Shares, and this report should not be deemed an admission that the reporting person is the beneficial owner of the charity's shares for purposes of Section 16 or for any other purpose.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.01 to $4.19, inclusive. The reporting person undertakes to provide to Meta Materials Inc., any security holder of Meta Materials Inc., or the staff of the Securities and Exchange commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (5), (6) and (7) to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.90 to $4.26, inclusive.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.03 to $4.04, inclusive.