Elaine Sanders - 07 Dec 2023 Form 4 Insider Report for Trilogy Metals Inc. (TMQ)

Role
VP & CFO
Signature
/s/ Elaine Sanders
Issuer symbol
TMQ
Transactions as of
07 Dec 2023
Net transactions value
$0
Form type
4
Filing time
11 Dec 2023, 18:32:09 UTC
Previous filing
04 Dec 2023
Next filing
19 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMQ Common Shares Award $0 +380,410 +17% $0.000000 2,580,900 07 Dec 2023 Direct F1
transaction TMQ Common Shares Options Exercise $0 +183,333 +7.1% $0.000000 2,764,233 07 Dec 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TMQ Employee Stock Option Award $0 +550,000 $0.000000 550,000 07 Dec 2023 Common Shares 550,000 $0.4300 Direct F2, F3
transaction TMQ Restricted Stock Units Award $0 +550,000 $0.000000 550,000 07 Dec 2023 Common Shares 550,000 Direct F4, F5
transaction TMQ Restricted Stock Units Options Exercise $0 -183,333 -33% $0.000000 366,667 07 Dec 2023 Common Shares 183,333 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents grant of restricted stock units which fully vest on December 7, 2023.
F2 The option exercise price was converted from the Canadian exercise price of C$0.59 using an exchange rate of C$1.3597 = US$1.00.
F3 The options vest as follows: 1/3 immediately; 1/3 on December 7, 2024; and 1/3 on December 7, 2025.
F4 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F5 The RSUs vest as follows: 1/3 immediately; 1/3 on December 7, 2024; and 1/3 on December 7, 2025.