Stephen T. Jurvetson - Apr 9, 2024 Form 4 Insider Report for TMC the metals Co Inc. (TMC)

Role
Director
Signature
/s/ Ryan Coombes, General Counsel
Stock symbol
TMC
Transactions as of
Apr 9, 2024
Transactions value $
$0
Form type
4
Date filed
4/11/2024, 06:17 PM

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 Stock Option (right to buy) Award $0 +3.44M $0.00 3.44M Apr 9, 2024 Common Shares 3.44M $1.71 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the consulting agreement entered into between the Issuer and the reporting person, the reporting person was granted stock options under the Issuer's 2021 Incentive Equity Plan, which will vest over a three year period as follows, subject to continued service through each vesting date: 1/3 on the first anniversary of April 9, 2024 (the "Grant Date"), 1/3 on the second anniversary of the Grant Date and 1/3 on the third anniversary of the Grant Date. The term of the stock option is seven years from the Grant Date.