Anthony O'Sullivan - Mar 20, 2023 Form 4 Insider Report for TMC the metals Co Inc. (TMC)

Signature
/s/ Jeffrey Cohan, Attorney-in-Fact
Stock symbol
TMC
Transactions as of
Mar 20, 2023
Transactions value $
-$178,921
Form type
4
Date filed
4/5/2023, 04:03 PM
Previous filing
Oct 3, 2022
Next filing
Sep 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMC Common Shares Award $0 +243K +77.83% $0.00 556K Mar 20, 2023 Direct F1
transaction TMC Common Shares Award $0 +200K +36.04% $0.00 756K Mar 20, 2023 Direct F2
transaction TMC Common Shares Sale -$70K -97.4K -12.88% $0.72 659K Mar 28, 2023 Direct F3
transaction TMC Common Shares Sale -$61.4K -85.2K -12.93% $0.72 573K Mar 29, 2023 Direct F4
transaction TMC Common Shares Sale -$47.5K -60.7K -10.58% $0.78 513K Mar 30, 2023 Direct F5
holding TMC Common Shares 575K Mar 20, 2023 JOZEM Pty Ltd., Trustee of the O'Sullivan Family Trust No. 1 F6
* 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 The RSUs were granted as part of the Issuer's long-term incentive plan and vest over a three year period as follows, subject to continued service through each vesting date: 1/3 on the first anniversary of March 20, 2023 (the "Grant Date"), 1/3 on the second anniversary of the Grant Date and 1/3 on the third anniversary of the Grant Date.
F3 The price reflects the average selling price of the common shares sold. These common shares were sold in multiple transactions at prices ranging from $0.70 to $0.7801 per common share. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of common shares sold at each price.
F4 The price reflects the average selling price of the common shares sold. These common shares were sold in multiple transactions at prices ranging from $0.7050 to $0.7461 per common share. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of common shares sold at each price.
F5 The price reflects the average selling price of the common shares sold. These common shares were sold in multiple transactions at prices ranging from $0.75 to $0.80 per common share. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of common shares sold at each price.
F6 The Reporting Person is the sole director of JOZEM Pty Ltd., which is the trustee of The O'Sullivan Family Trust No. 1.