Andrei Karkar - Aug 16, 2023 Form 4 Insider Report for TMC the metals Co Inc. (TMC)

Role: Director, 10%+ Owner
Signature: /s/ Jeffrey Cohan, Attorney-in-Fact
Stock symbol: TMC
Transactions as of: Aug 16, 2023
Transactions value $: $1,000,000
Form type: 4
Date filed: 8/18/2023, 04:03 PM
Previous filing: Jun 9, 2023
Next filing: Mar 4, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TMC	Common Shares	Award	$1M	+500K	+0.89%	$2.00	56.5M	Aug 16, 2023	ERAS Capital LLC	F1, F2
holding	TMC	Common Shares						76.1K	Aug 16, 2023	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
transaction	TMC	Class A Warrants (right to buy)	Award		+250K			250K	Aug 16, 2023	Common Shares	250K	$3.00	ERAS Capital LLC	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each common share was purchased together with an accompanying Class A warrant to purchase 0.5 of a common share in a registered direct offering directly from the issuer in accordance with Rule 16b-3(d) of the Securities Exchange Act of 1934, as amended, at a combined offering price of $2.00 per common share and accompanying warrant. The Reporting Person has also agreed to purchase an additional 4,500,000 common shares and 2,250,000 Class A warrants in two closings on or before January 31, 2024.
F2	The securities are held directly by ERAS Capital LLC ("ERAS"). Andrei Karkar is the managing member of ERAS and shares voting and dispositive power over and may be deemed to beneficially own such securities held by ERAS. Andrei Karkar disclaims beneficial ownership over any securities owned by ERAS other than to the extent of any pecuniary interest he may have therein.

Content

Each common share was purchased together with an accompanying Class A warrant to purchase 0.5 of a common share in a registered direct offering directly from the issuer in accordance with Rule 16b-3(d) of the Securities Exchange Act of 1934, as amended, at a combined offering price of $2.00 per common share and accompanying warrant. The Reporting Person has also agreed to purchase an additional 4,500,000 common shares and 2,250,000 Class A warrants in two closings on or before January 31, 2024.

The securities are held directly by ERAS Capital LLC ("ERAS"). Andrei Karkar is the managing member of ERAS and shares voting and dispositive power over and may be deemed to beneficially own such securities held by ERAS. Andrei Karkar disclaims beneficial ownership over any securities owned by ERAS other than to the extent of any pecuniary interest he may have therein.