Elaine Sanders - 08 Oct 2025 Form 4 Insider Report for Trilogy Metals Inc. (TMQ)

Role
VP & CFO
Signature
/s/ Elaine Sanders
Issuer symbol
TMQ
Transactions as of
08 Oct 2025
Net transactions value
-$2,262,743
Form type
4
Filing time
10 Oct 2025, 18:59:09 UTC
Previous filing
10 Mar 2025
Next filing
08 Dec 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Sanders Elaine VP & CFO C/O TRILOGY METALS INC., SUITE 901, 510 BURRARD STREET, VANCOUVER, BRITISH COLUMBIA, CANADA /s/ Elaine Sanders 10 Oct 2025 0001561028

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMQ Common Shares Options Exercise $814,500 +450,000 +14% $1.81 3,599,160 08 Oct 2025 Direct F1
transaction TMQ Common Shares Sale $349,639 -50,599 -1.4% $6.91* 3,548,561 08 Oct 2025 Direct F3, F4
transaction TMQ Common Shares Sale $2,727,604 -399,000 -11% $6.84* 3,149,561 08 Oct 2025 Direct F5

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 Options Exercise $0 -450,000 -100% $0.000000 0 08 Oct 2025 Common Shares 450,000 $1.81 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Converted from Canadian exercise price of C$2.52 using an exchange rate of C$1.3952 = US1.00.
F2 The options were granted on December 10, 2020, and vested as follows: 1/3 on 12/10/2020; 1/3 on 12/10/2021; 1/3 on 12/10/2022
F3 The sale price reported above is a weighted average price. These shares were sold in multiple transactions at prices ranging from C$9.60 to C$9.65, inclusive. The reporting person undertakes to provide to Trilogy Metals Inc., any security holder of Trilogy Metals Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
F4 The Canadian average weighted price was converted into U.S. dollars using an exchange rate of C$1.3952 = US$1.00.
F5 The sale price reported above is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.79 to $6.9007, inclusive. The reporting person undertakes to provide to Trilogy Metals Inc., any security holder of Trilogy Metals Inc, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.