SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Welch Thomas Gordon

(Last)

(First)

(Middle)

C/O META MATERIALS INC.

1 RESEARCH DRIVE

(Street)

DARTMOUTH

B2Y 4M9

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
META MATERIALS INC. [ MMAT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/15/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/17/2021		M		600,000	A	$4.58⁽¹⁾	615,000	D
Common Stock	11/18/2021		S		30,000	D	$4.3	585,000	D
Common Stock	11/19/2021		M		500,000	A	$4.31⁽²⁾	500,000	I	By Spouse
Common Stock	11/19/2021		S		80,000	D	$4.37	505,000	D
Common Stock	11/22/2021		S		8,000	D	$4.2	497,000	D
Common Stock	11/22/2021		S		9,000	D	$4.2	491,000	I	By Spouse
Common Stock	11/24/2021		S		130,000	D	$4.095⁽⁵⁾	367,000	D
Common Stock	11/24/2021		S		125,000	D	$4.1⁽⁶⁾	366,000	I	By Spouse
Common Stock	11/29/2021		S		19,000	D	$4.02	348,000	D
Common Stock	11/29/2021		S		23,000	D	$4.034⁽⁷⁾	343,000	I	By Spouse
Common Stock	11/30/2021		S		7,000	D	$3.54	341,000	D
Series A Non-Voting Preferred Stock	11/29/2021		S		30,000	D	$1.75	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Exchangeable Shares	⁽³⁾	11/15/2021		G⁽⁴⁾			200,000	⁽³⁾	⁽³⁾	Common Stock	200,000	⁽³⁾	23,314,309	D
Exchangeable Shares	⁽³⁾	11/15/2021		G⁽⁴⁾		200,000		⁽³⁾	⁽³⁾	Common Stock	200,000	⁽³⁾	23,314,309	I	By Charity⁽⁴⁾
Exchangeable Shares	⁽³⁾	11/17/2021		M			600,000	⁽³⁾	⁽³⁾	Common Stock	600,000	⁽¹⁾	22,714,309	D
Exchangeable Shares	⁽³⁾	11/19/2021		M			500,000	⁽³⁾	⁽³⁾	Common Stock	500,000	⁽²⁾	22,941,239	I	By Spouse
Exchangeable Shares	⁽³⁾	11/24/2021		G⁽⁴⁾			200,000	⁽³⁾	⁽³⁾	Common Stock	200,000	⁽³⁾	22,441,239	I	By Spouse
Exchangeable Shares	⁽³⁾	11/24/2021		G⁽⁴⁾		200,000		⁽³⁾	⁽³⁾	Common Stock	200,000	⁽³⁾	22,441,239	I	By Charity⁽⁴⁾

1. Name and Address of Reporting Person^*

Welch Thomas Gordon

(Last)

(First)

(Middle)

C/O META MATERIALS INC.

1 RESEARCH DRIVE

(Street)

DARTMOUTH

B2Y 4M9

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Lambert Anne Barber

(Last)

(First)

(Middle)

C/O META MATERIALS INC.

1 RESEARCH DRIVE

(Street)

DARTMOUTH

B2Y 4M9

(City)

(State)

(Zip)

Relationship of Reporting Person(s) to Issuer

Director	X	10% Owner
Officer (give title below)		Other (specify below)

Explanation of Responses:

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

Remarks:

	/s/ Thomas Welch	12/08/2021
	/s/ Anne Lambert	12/08/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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