Craig Shesky - 10 Feb 2026 Form 4 Insider Report for TMC the metals Co Inc. (TMC)

Role
Chief Financial Officer
Signature
/s/ Michelle Ancosky, Attorney-In-Fact
Issuer symbol
TMC
Transactions as of
10 Feb 2026
Net transactions value
+$41,083
Form type
4
Filing time
10 Feb 2026, 19:44:23 UTC
Previous filing
24 Sep 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Shesky Craig Chief Financial Officer C/O TMC THE METALS COMPANY INC.,, 1111 WEST HASTINGS STREET, 15TH FLOOR, VANCOUVER, BRITISH COLUMBIA, CANADA /s/ Michelle Ancosky, Attorney-In-Fact 10 Feb 2026 0001874308

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMC Common Shares Options Exercise $41,083 +63,204 +5.5% $0.6500 1,208,921 10 Feb 2026 Direct F1

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) Options Exercise -63,204 -25% 189,610 10 Feb 2026 Common Shares 63,204 $0.6500 Direct F1, F2, F3, F4, F7
transaction TMC Class A Special Shares Options Exercise +1,379 +20% 8,116 10 Feb 2026 Common Shares 1,379 Direct F5, F6
transaction TMC Class B Special Shares Options Exercise +2,758 +20% 16,231 10 Feb 2026 Common Shares 2,758 Direct F5, F6
transaction TMC Class C Special Shares Options Exercise +2,758 +20% 16,231 10 Feb 2026 Common Shares 2,758 Direct F5, F6
transaction TMC Class D Special Shares Options Exercise +5,516 +20% 32,462 10 Feb 2026 Common Shares 5,516 Direct F5, F6
transaction TMC Class E Special Shares Options Exercise +5,516 +20% 32,462 10 Feb 2026 Common Shares 5,516 Direct F5, F6
transaction TMC Class F Special Shares Options Exercise +5,516 +20% 32,462 10 Feb 2026 Common Shares 5,516 Direct F5, F6
transaction TMC Class G Special Shares Options Exercise +6,895 +20% 40,578 10 Feb 2026 Common Shares 6,895 Direct F5, F6
transaction TMC Class H Special Shares Options Exercise +6,895 +20% 40,578 10 Feb 2026 Common Shares 6,895 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the exercise of stock options to purchase 63,204 common shares for cash at an exercise price of $0.65 per common share. The deadline to exercise these stock options with respect to the vested common shares underlying them is March 5, 2026. In accordance with the terms of the stock options, the Reporting Person was also issued 1,379 Class A Special Shares, 2,758 Class B Special Shares, 2,758 Class C Special Shares, 5,516 Class D Special Shares, 5,516 Class E Special Shares, 5,516 Class F Special Shares, 6,895 Class G Special Shares and 6,895 Class H Special Shares for no additional consideration.
F2 These stock options vest in increments upon the occurrence of certain milestones, subject to continued service through each milestone. These stock options are exercisable at any time until March 5 of the year following vesting of such stock option (any such date, the "Exercise Date"). These stock options expire on the day after the Exercise Date.
F3 Also included the right to purchase the Class A Special Shares, the Class B Special Shares, the Class C Special Shares, the Class D Special Shares, the Class E Special Shares, the Class F Special Shares, the Class G Special Shares and the Class H Special Shares (collectively, the "Special Shares") set forth in Footnote 1 above.
F4 Received by the Reporting Person as described in the Form 4 submitted by the Reporting Person on September 13, 2021.
F5 Each of the Special Shares automatically convert into common shares on a one for one basis, if on any twenty trading days within any thirty trading day period, the common shares trade for a price that is greater than or equal to the price threshold for such class of Special Shares (the "Price Threshold") described below, or in the event of certain changes of control. The Price Thresholds for the Special Shares are as follows: Class A Special Shares ($15.00), Class B Special Shares ($25.00), Class C Special Shares ($35.00), Class D Special Shares ($50.00), Class E Special Shares ($75.00), Class F Special Shares ($100.00), Class G Special Shares ($150.00), and Class H Special Shares ($200.00).
F6 Represents the amount of the specified class of Special Shares acquired upon the exercise of stock options referenced in Footnote 1 above.
F7 Also includes the right to purchase 4,137 Class A Special Shares, 8,274 Class B Special Shares, 8,274 Class C Special Shares, 16,548 Class D Special Shares, 16,548 Class E Special Shares, 16,548 Class F Special Shares, 20,685 Class G Special Shares and 20,685 Class H Special Shares.