James Gowans - Dec 9, 2024 Form 4 Insider Report for Trilogy Metals Inc. (TMQ)

Role
Director
Signature
/s/ Elaine Sanders as attorney-in-fact for James Gowans
Stock symbol
TMQ
Transactions as of
Dec 9, 2024
Transactions value $
$0
Form type
4
Date filed
12/11/2024, 06:45 PM
Previous filing
Dec 3, 2024

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 Director Stock Options (Right to Buy) Award $0 +75K $0.00 75K Dec 9, 2024 Common Shares 75K $1.08 Direct F1
transaction TMQ Deferred Share Units Award $0 +30K +6.06% $0.00 525K Dec 9, 2024 Common Shares 30K $0.00 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option exercise price was converted from the Canadian exercise price of C$1.52 using an exchange rate of C$1.413 = US$1.00.
F2 Non-discretionary issuances of DSUs pursuant to elections made by plan participants prior to the commencement of the current fiscal year.
F3 The DSUs vest immediately; however, the underlying common shares will not be issued to the grantee, and the grantee shall not have any voting or dispositive rights with respect to the underlying common shares, until termination of the grantee's employment or services as a director of the Issuer. The grants will expire no later than 90 days after the grantee's termination date.