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

Role
VP & CFO
Signature
/s/ Elaine Sanders
Stock symbol
TMQ
Transactions as of
Dec 9, 2024
Transactions value $
$0
Form type
4
Date filed
12/11/2024, 08:26 PM
Previous filing
Dec 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMQ Common Shares Award $0 +105K +4.01% $0.00 2.72M Dec 9, 2024 Direct F1
transaction TMQ Common Shares Options Exercise $0 +175K +6.44% $0.00 2.89M Dec 9, 2024 Direct F2

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 Options (Right to Buy) Award $0 +325K $0.00 325K Dec 9, 2024 Common Shares 325K $1.08 Direct F3, F4
* 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 9, 2024.
F2 Represents grant of restricted stock units which vest as follows: 1/3 on date of grant; 1/3 on December 9, 2025; and 1/3 on December 9, 2026.
F3 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.
F4 The options vest as follows: 1/3 on December 9, 2024; 1/3 on December 9, 2025; and 1/3 on December 9, 2026.