Andrew Carlyle Greig - 29 Sep 2022 Form 3 Insider Report for TMC the metals Co Inc. (TMC)

Role
Director
Signature
/s/ Jeffrey Cohan, Attorney-in-Fact
Issuer symbol
TMC
Transactions as of
29 Sep 2022
Net transactions value
$0
Form type
3
Filing time
12 Oct 2022, 21:52:01 UTC
Next filing
12 Oct 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TMC Common Shares 4,095,827 29 Sep 2022 Direct

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
holding TMC Stock Option (right to buy) 29 Sep 2022 Common Shares 11,578 $0.5200 Direct F1, F2
holding TMC Stock Option (right to buy) 29 Sep 2022 Common Shares 578,931 $2.60 Direct F1, F3
holding TMC Stock Option (right to buy) 29 Sep 2022 Common Shares 126,407 $0.6500 Direct F1, F4
holding TMC Class A Special Shares 29 Sep 2022 Common Shares 89,365 Direct F5
holding TMC Class B Special Shares 29 Sep 2022 Common Shares 178,729 Direct F5
holding TMC Class C Special Shares 29 Sep 2022 Common Shares 178,729 Direct F5
holding TMC Class D Special Shares 29 Sep 2022 Common Shares 357,459 Direct F5
holding TMC Class E Special Shares 29 Sep 2022 Common Shares 357,459 Direct F5
holding TMC Class F Special Shares 29 Sep 2022 Common Shares 357,459 Direct F5
holding TMC Class G Special Shares 29 Sep 2022 Common Shares 446,824 Direct F5
holding TMC Class H Special Shares 29 Sep 2022 Common Shares 446,824 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Fully vested.
F2 Also includes the right to purchase 252 Class A Special Shares, 505 Class B Special Shares, 505 Class C Special Shares, 1,010 Class D Special Shares, 1,010 Class E Special Shares, 1,010 Class F Special Shares, 1,263 Class G Special Shares and 1,263 Class H Special Shares. See also Note 5.
F3 Also includes the right to purchase 12,631 Class A Special Shares, 25,262 Class B Special Shares, 25,262 Class C Special Shares, 50,525 Class D Special Shares, 50,525 Class E Special Shares, 50,525 Class F Special Shares, 63,157 Class G Special Shares and 63,157 Class H Special Shares. See also Note 5.
F4 Also includes the right to purchase 2,758 Class A Special Shares, 5,516 Class B Special Shares, 5,516 Class C Special Shares, 11,032 Class D Special Shares, 11,032 Class E Special Shares, 11,032 Class F Special Shares, 13,790 Class G Special Shares and 13,790 Class H Special Shares. See also Note 5.
F5 Each of the Class A Special Shares, the Class B Special Shares, the Class C Special Shares, the Class D Special Shares, the Class E Special Shares, the Class F Special Shares, the Class G Special Shares and the Class H Special Shares (collectively, the "Special Shares") automatically convert into Common Shares on a one for one basis, if on any twenty trading days within any thirty trading day period, the Common Shares trade for a price that is greater than or equal to the price threshold for such class of Special Shares (the "Price Threshold") described below, or in the event of certain changes of control. The Price Thresholds for the Special Shares are as follows: Class A Special Shares ($15.00), Class B Special Shares ($25.00), Class C Special Shares ($35.00), Class D Special Shares ($50.00), Class E Special Shares ($75.00), Class F Special Shares ($100.00), Class G Special Shares ($150.00), and Class H Special Shares ($200.00).

Remarks:

Exhibit 24.1 - Power of Attorney