Craig Shesky - 20 Mar 2025 Form 4 Insider Report for TMC the metals Co Inc. (TMC)

Signature
/s/ Michelle Ancosky, Attorney-In-Fact
Issuer symbol
TMC
Transactions as of
20 Mar 2025
Net transactions value
$0
Form type
4
Filing time
24 Mar 2025, 17:58:12 UTC
Previous filing
27 Nov 2024
Next filing
02 Apr 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMC Common Shares Options Exercise $0 +187,662 +21% $0.000000 1,087,381 20 Mar 2025 Direct F1, F2
transaction TMC Common Shares Options Exercise $0 +166,502 +15% $0.000000 1,253,883 20 Mar 2025 Direct F3
transaction TMC Common Shares Award $0 +245,536 +20% $0.000000 1,499,419 20 Mar 2025 Direct F4

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 Restricted Stock Units Options Exercise $0 -187,662 -50% $0.000000 187,662 20 Mar 2025 Common Shares 187,662 Direct F5, F6
transaction TMC Restricted Stock Units Options Exercise $0 -166,502 -33% $0.000000 333,003 20 Mar 2025 Common Shares 166,502 Direct F5, F7
transaction TMC Restricted Stock Units Award $0 +625,125 $0.000000 625,125 20 Mar 2025 Common Shares 625,125 Direct F5, F8
* 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") that converted to common shares on a one-to-one basis. The RSUs were granted on March 20, 2023 and 1/3 vested on March 20, 2024 and 1/3 vested on March 20, 2025. The remaining RSUs will vest on March 20, 2026, subject to continued service through such date.
F2 This number updates information included in the Form 4 filed for the reporting person on November 27, 2024, to reflect the amount of securities beneficially owned following the reported transaction as 899,719 (as opposed to 977,844).
F3 Consists of RSUs that converted to common shares on a one-to-one basis. The RSUs were granted on March 20, 2024 and 1/3 vested on March 20, 2025. The remaining RSUs will vest as follows, subject to continued service through each vesting date: 1/3 of the total award on March 20, 2026 and the remaining amount on March 20, 2027.
F4 Represents common shares underlying RSUs granted on March 20, 2025. 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.
F5 Each RSU represents the right to receive one common share upon vesting.
F6 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 "2023 Grant Date"), 1/3 on the second anniversary of the 2023 Grant Date and 1/3 on the third anniversary of the 2023 Grant Date. 2/3 of the RSUs have vested and have been settled as of the date hereof.
F7 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, 2024 (the "2024 Grant Date"), 1/3 on the second anniversary of the 2024 Grant Date and 1/3 on the third anniversary of the 2024 Grant Date. 1/3 of the RSUs have vested and have been settled as of the date hereof.
F8 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, 2025 (the "2025 Grant Date"), 1/3 on the second anniversary of the 2025 Grant Date and 1/3 on the third anniversary of the 2025 Grant Date.

Remarks:

Exhibit 24.1 - Power of Attorney