Thomas S. Kaplan - 26 Dec 2025 Form 4 Insider Report for Trilogy Metals Inc. (TMQ)

Role
10%+ Owner
Signature
/s/ Thomas Scott Kaplan, Thomas Scott Kaplan
Issuer symbol
TMQ
Transactions as of
26 Dec 2025
Net transactions value
$0
Form type
4
Filing time
29 Dec 2025, 16:15:15 UTC
Previous filing
02 Dec 2025
Next filing
03 Feb 2026

Reporting Owners (5)

Name Relationship Address Signature Signature date CIK
KAPLAN THOMAS SCOTT 10%+ Owner 600 FIFTH AVENUE, 24TH FLOOR, NEW YORK /s/ Thomas Scott Kaplan, Thomas Scott Kaplan 29 Dec 2025 0001124803
Electrum Strategic Opportunities Fund L.P. 10%+ Owner 600 FIFTH AVENUE, 24TH FLOOR, NEW YORK ELECTRUM STRATEGIC OPPORTUNITIES FUND L.P., /s/ Michael H. Williams, By: Michael H. Williams, Authorized Person 29 Dec 2025 0001637981
Electrum Group LLC 10%+ Owner 600 FIFTH AVENUE, 24TH FLOOR, NEW YORK THE ELECTRUM GROUP LLC, /s/ Michael H. Williams, By: Michael H. Williams, Authorized Person 29 Dec 2025 0001565641
ESOF GP Ltd. 10%+ Owner 600 FIFTH AVENUE, 24TH FLOOR, NEW YORK ESOF GP LTD., /s/ Michael H. Williams, By: Michael H. Williams, Authorized Person 29 Dec 2025 0001663180
GRAT Holdings LLC 10%+ Owner 600 FIFTH AVENUE, 24TH FLOOR, NEW YORK GRAT HOLDINGS LLC, /s/ Thomas Scott Kaplan, By: Thomas Scott Kaplan, Co-Chief Executive Officer 29 Dec 2025 0001565707

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMQ Common Shares Gift $0 -540,406 -100% $0.000000 0 26 Dec 2025 Direct F1, F2
transaction TMQ Common Shares Gift $0 -416,666 -100% $0.000000 0 26 Dec 2025 By spouse F1, F3, F4
holding TMQ Common Shares 31,604,741 26 Dec 2025 By Electrum Strategic Opportunities Fund L.P. F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares that were donated to a charitable foundation for no consideration.
F2 Includes 10,000 shares previously held through Tigris Financial Group Ltd., of which Mr. Kaplan is the sole shareholder, and 416,667 shares previously held by GRAT Holdings LLC, which is owned by trusts for the benefit of family members of Mr. Kapan. The shares were transferred to an account for the benefit of Mr. Kaplan in transactions exempt from reporting pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended.
F3 Includes 416,666 shares previously held by GRAT Holdings LLC, which is owned by trusts for the benefit of family members of Mr. Kaplan. The shares were transferred to an account for the benefit of Mr. Kaplan's spouse in transactions exempt from reporting pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended.
F4 Represents shares owned directly by Mr. Kaplan's spouse. For purposes of Section 16 of the Securities Exchange Act of 1934, each reporting person disclaims beneficial ownership of any such securities, except to the extent of his/its pecuniary interest therein, and this report shall not be deemed an admission that such reporting person is the beneficial owner of such securities for the purposes of Section 16 or otherwise.
F5 Electrum Strategic Opportunities Fund L.P. ("ESOF") is an investment fund, of which The Electrum Group LLC is the investment adviser. ESOF GP Ltd. is the general partner of the sole general partner of ESOF.
F6 In accordance with 4(b)(iv) of the Form 4 instructions, the entire amount of the Issuer's securities held by ESOF is reported herein. For purposes of Section 16 of the Securities Exchange Act of 1934, each reporting person disclaims beneficial ownership of any such securities, except to the extent of his/its pecuniary interest therein, and this report shall not be deemed an admission that such reporting person is the beneficial owner of such securities for the purposes of Section 16 or otherwise.