Craig Shesky - Feb 9, 2022 Form 4 Insider Report for TMC the metals Co Inc. (TMC)

Role
Chief Financial Officer
Signature
/s/ Jeffrey Cohan, Attorney-in-Fact
Stock symbol
TMC
Transactions as of
Feb 9, 2022
Transactions value $
-$37,489
Form type
4
Date filed
2/22/2022, 07:13 AM
Previous filing
Nov 24, 2021
Next filing
Mar 30, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMC Common Shares Award $0 +50.1K +7.88% $0.00 686K Feb 9, 2022 Direct F1, F2
transaction TMC Common Shares Tax liability -$37.5K -22.9K -3.33% $1.64 663K Feb 9, 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one common share upon vesting. The RSUs were granted and vested upon issuance as part of the Issuer's short-term incentive plan.
F2 Includes 92,908 Common Shares received in a pro rata distribution from Empire, A Series of Cathode Holdings, LLC, in which the Reporting Person does not have a controlling interest, to its members on November 1, 2021.
F3 Shares withheld from the Reporting Person's RSU award to cover the tax withholding obligation that arose from the grant on February 9, 2022.