X0306 4 2021-11-15 0 0001431959 META MATERIALS INC. MMAT 0001887942 Welch Thomas Gordon C/O META MATERIALS INC. 1 RESEARCH DRIVE DARTMOUTH A5 B2Y 4M9 NOVA SCOTIA, CANADA 0 0 1 0 0001886866 Lambert Anne Barber C/O META MATERIALS INC. 1 RESEARCH DRIVE DARTMOUTH A5 B2Y 4M9 NOVA SCOTIA, CANADA 0 0 1 0 Common Stock 2021-11-17 4 M 0 600000 4.58 A 615000 D Common Stock 2021-11-18 4 S 0 30000 4.30 D 585000 D Common Stock 2021-11-19 4 M 0 500000 4.31 A 500000 I By Spouse Common Stock 2021-11-19 4 S 0 80000 4.37 D 505000 D Common Stock 2021-11-22 4 S 0 8000 4.20 D 497000 D Common Stock 2021-11-22 4 S 0 9000 4.20 D 491000 I By Spouse Common Stock 2021-11-24 4 S 0 130000 4.095 D 367000 D Common Stock 2021-11-24 4 S 0 125000 4.10 D 366000 I By Spouse Common Stock 2021-11-29 4 S 0 19000 4.02 D 348000 D Common Stock 2021-11-29 4 S 0 23000 4.034 D 343000 I By Spouse Common Stock 2021-11-30 4 S 0 7000 3.54 D 341000 D Series A Non-Voting Preferred Stock 2021-11-29 4 S 0 30000 1.75 D 0 D Exchangeable Shares 2021-11-15 4 G 0 200000 D Common Stock 200000 23314309 D Exchangeable Shares 2021-11-15 4 G 0 200000 A Common Stock 200000 23314309 I By Charity Exchangeable Shares 2021-11-17 4 M 0 600000 D Common Stock 600000 22714309 D Exchangeable Shares 2021-11-19 4 M 0 500000 D Common Stock 500000 22941239 I By Spouse Exchangeable Shares 2021-11-24 4 G 0 200000 D Common Stock 200000 22441239 I By Spouse Exchangeable Shares 2021-11-24 4 G 0 200000 A Common Stock 200000 22441239 I By Charity 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. /s/ Thomas Welch 2021-12-08 /s/ Anne Lambert 2021-12-08