Andrei Karkar - Jan 30, 2024 Form 4 Insider Report for TMC the metals Co Inc. (TMC)

Signature
/s/ Ryan Coombes, General Counsel
Stock symbol
TMC
Transactions as of
Jan 30, 2024
Transactions value $
$9,000,000
Form type
4
Date filed
3/4/2024, 09:38 PM
Previous filing
Aug 18, 2023
Next filing
Mar 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMC Common Shares Award $9M +4.5M +7.97% $2.00 61M Jan 30, 2024 ERAS Capital LLC F1, F2
holding TMC Common Shares 76.1K Jan 30, 2024 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 +2.25M 2.25M Jan 30, 2024 Common Shares 2.25M $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.
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.