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

Role
President & CEO, Director
Signature
/s/ Elaine Sanders as attorney-in-fact for Tony Giardini
Issuer symbol
TMQ
Transactions as of
07 Dec 2023
Net transactions value
$0
Form type
4
Filing time
11 Dec 2023, 18:39:10 UTC
Previous filing
04 Dec 2023
Next filing
26 Jan 2024
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 +810,850 +24% $0.000000 4,230,290 07 Dec 2023 Direct F1
transaction TMQ Common Shares Options Exercise $0 +366,667 +8.7% $0.000000 4,596,957 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 +1,100,000 $0.000000 1,100,000 07 Dec 2023 Common Shares 1,100,000 $0.4300 Direct F2, F3
transaction TMQ Restricted Stock Units Award $0 +1,100,000 $0.000000 1,100,000 07 Dec 2023 Common Shares 1,100,000 Direct F4, F5
transaction TMQ Restricted Stock Units Options Exercise $0 -366,667 -33% $0.000000 733,333 07 Dec 2023 Common Shares 366,667 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.