Lambert Anne Barber's Form 4 filing
Meta Materials Inc. (MMAT) · filed Dec 9, 2021
- Accession no.
- 0000899243-21-047473
- Filed
- Dec 9, 2021, 7:14 AM ET
- Trade date
- Nov 15-30, 2021
- Filing delay
- 24 daysLate
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 12 non-derivative transactions and 6 derivative transactions. Open-market sales total $1.84M. It was filed 24 days after the trade, past the 2-business-day deadline.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Lambert Anne BarberCIK 0001886866 | 10% Owner |
| Welch Thomas GordonCIK 0001887942 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 17, 2021 | Common Stock | MOption exerciseAcquired | +600,000 | $4.58F1 | +$2,748,000 | 615,000 | Direct | |
| Nov 18, 2021 | Common Stock | SSaleDisposed | −30,000 | $4.30 | −$129,000 | 585,000 | Direct | |
| Nov 19, 2021 | Common Stock | MOption exerciseAcquired | +500,000 | $4.31F2 | +$2,155,000 | 500,000 | Indirect | |
| Nov 19, 2021 | Common Stock | SSaleDisposed | −80,000 | $4.37 | −$349,600 | 505,000 | Direct | |
| Nov 22, 2021 | Common Stock | SSaleDisposed | −8,000 | $4.20 | −$33,600 | 497,000 | Direct | |
| Nov 22, 2021 | Common Stock | SSaleDisposed | −9,000 | $4.20 | −$37,800 | 491,000 | Indirect | |
| Nov 24, 2021 | Common Stock | SSaleDisposed | −130,000 | $4.10F5 | −$532,350 | 367,000 | Direct | |
| Nov 24, 2021 | Common Stock | SSaleDisposed | −125,000 | $4.10F6 | −$512,500 | 366,000 | Indirect | |
| Nov 29, 2021 | Common Stock | SSaleDisposed | −19,000 | $4.02 | −$76,380 | 348,000 | Direct | |
| Nov 29, 2021 | Common Stock | SSaleDisposed | −23,000 | $4.03F7 | −$92,782 | 343,000 | Indirect | |
| Nov 30, 2021 | Common Stock | SSaleDisposed | −7,000 | $3.54 | −$24,780 | 341,000 | Direct | |
| Nov 29, 2021 | Series A Non-Voting Preferred Stock | SSaleDisposed | −30,000 | $1.75 | −$52,500 | 0 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 15, 2021 | Common Stock | GGiftDisposed | −200,000 | –F3 | – | 23,314,309 | Direct | |
| Nov 15, 2021 | Common Stock | GGiftAcquired | +200,000 | –F3 | – | 23,314,309 | Indirect | |
| Nov 17, 2021 | Common Stock | MOption exerciseDisposed | −600,000 | –F1 | – | 22,714,309 | Direct | |
| Nov 19, 2021 | Common Stock | MOption exerciseDisposed | −500,000 | –F2 | – | 22,941,239 | Indirect | |
| Nov 24, 2021 | Common Stock | GGiftDisposed | −200,000 | –F3 | – | 22,441,239 | Indirect | |
| Nov 24, 2021 | Common Stock | GGiftAcquired | +200,000 | –F3 | – | 22,441,239 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
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.
Referenced by the price of 1 transaction in Table I and 1 transaction in Table II.
- F2
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.
Referenced by the price of 1 transaction in Table I and 1 transaction in Table II.
- F3
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.
Referenced by the price of 4 transactions in Table II.
- F5
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.
Referenced by the price of 1 transaction in Table I.
- F6
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.
Referenced by the price of 1 transaction in Table I.
- F7
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.
Referenced by the price of 1 transaction in Table I.