Elaine Sanders - 11 Dec 2025 Form 4 Insider Report for Trilogy Metals Inc. (TMQ)

Role
VP & CFO
Signature
/s/ Elaine Sanders
Issuer symbol
TMQ
Transactions as of
11 Dec 2025
Net transactions value
$0
Form type
4
Filing time
12 Dec 2025, 17:55:49 UTC
Previous 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 12 Dec 2025 0001561028

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMQ Common Shares Options Exercise +15,000 +0.45% 3,347,895 11 Dec 2025 Direct F1

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) Award $0 +260,000 $0.000000 260,000 11 Dec 2025 Common Shares 260,000 $4.61 Direct F2, F3
transaction TMQ Restricted Stock Units Award $0 +45,000 $0.000000 45,000 11 Dec 2025 Common Shares 45,000 Direct F1, F4
transaction TMQ Restricted Stock Units Options Exercise $0 -15,000 -33% $0.000000 30,000 11 Dec 2025 Common Shares 15,000 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F2 Converted from Canadian exercise price of C$6.35 using an exchange rate of C$1.3774 = US$1.00.
F3 The options vest as follows: 1/3 on December 11, 2025; 1/3 on December 11, 2026; and 1/3 on December 11, 2027.
F4 The RSUs vest as follows: 1/3 on December 11, 2025; 1/3 on December 11, 2026; and 1/3 on December 11, 2027