Gregory Stone - 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 $
-$74,092
Form type
4
Date filed
4/5/2023, 04:04 PM
Previous filing
Feb 22, 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 +81.3K +30.55% $0.00 347K Mar 20, 2023 Direct F1
transaction TMC Common Shares Award $0 +173K +49.9% $0.00 521K Mar 20, 2023 Direct F2
transaction TMC Common Shares Sale -$34.6K -48K -9.21% $0.72 473K Mar 29, 2023 Direct F3
transaction TMC Common Shares Sale -$39.5K -52K -11% $0.76 421K Mar 30, 2023 Direct F4
* 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 $0.7056 to $0.7457 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 $0.75 to $0.7780 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.