Gregory A. Lang - 05 Dec 2025 Form 4 Insider Report for Trilogy Metals Inc. (TMQ)

Role: Director
Signature: /s/ Elaine Sanders as attorney-in-fact for Gregory A. Lang
Issuer symbol: TMQ
Transactions as of: 05 Dec 2025
Transactions value $: -$242,100
Form type: 4
Filing time: 08 Dec 2025, 16:52:58 UTC
Previous filing: 02 Dec 2025
Next filing: 12 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Lang Gregory A.	Director	C/O TRILOGY METALS INC., SUITE 901, 510 BURRARD STREET, VANCOUVER, BRITISH COLUMBIA, CANADA	/s/ Elaine Sanders as attorney-in-fact for Gregory A. Lang	08 Dec 2025	0001562640

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TMQ	Common Shares	Options Exercise	$91K	+50K	+50%	$1.82	150K	05 Dec 2025	Direct	F1
transaction	TMQ	Common Shares	Sale	-$94.6K	-20K	-13.33%	$4.73	130K	05 Dec 2025	Direct
transaction	TMQ	Common Shares	Sale	-$239K	-50K	-38.46%	$4.77	80K	05 Dec 2025	Direct	F2
transaction	TMQ	Common Shares	Gift	$0	-45K	-56.25%	$0.00	35K	05 Dec 2025	Direct
holding	TMQ	Common Shares						252K	05 Dec 2025	Family Trust

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 (Right to Buy)	Options Exercise	$0	-50K	-100%	$0.00	0	05 Dec 2025	Common Shares	50K	$1.82	Direct	F1

* 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$1.3860 = US$1.00.
F2	The sale price reported above is a weighted average price. These shares were sold in multiple transactions at prices ranging from C$6.55 to C$6.701 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 sold at each separate price within the ranges set forth in this footnote. The average weighted price of C$6.61 has been converted to U.S. dollars using an exchange rate of C$1.3860 = US$1.00.

Content

Converted from Canadian exercise price of C$2.52 using an exchange rate of C$1.3860 = US$1.00.

The sale price reported above is a weighted average price. These shares were sold in multiple transactions at prices ranging from C$6.55 to C$6.701 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 sold at each separate price within the ranges set forth in this footnote. The average weighted price of C$6.61 has been converted to U.S. dollars using an exchange rate of C$1.3860 = US$1.00.