Diana J. Walters - 06 Oct 2021 Form 4 Insider Report for Trilogy Metals Inc. (TMQ)

Role: Director
Signature: /s/ Elaine Sanders as attorney-in-fact for Diana J. Walters
Issuer symbol: TMQ
Transactions as of: 06 Oct 2021
Net transactions value: -$84,000
Form type: 4
Filing time: 08 Oct 2021, 10:59:06 UTC
Previous filing: 02 Sep 2021
Next filing: 03 Dec 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TMQ	Common Shares	Options Exercise	$38,500	+70,000	+700%	$0.5500	80,000	06 Oct 2021	Direct	F1
transaction	TMQ	Common Shares	Sale	$70,000	-40,000	-50%	$1.75	40,000	06 Oct 2021	Direct	F2
transaction	TMQ	Common Shares	Sale	$52,500	-30,000	-75%	$1.75	10,000	06 Oct 2021	Direct	F3

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	TMQ	Director Stock Options	Options Exercise	$0	-70,000	-100%	$0.000000^*	0	06 Oct 2021	Common Shares	70,000	$0.5500	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The exercise price reported above was converted from the Canadian exercise price of C$0.70 using an exchange rate of C$1.2613 = US$1.00.
F2	The sales price reported is a weighted average price. These shares were sold in multiple transactions ranging from C$2.14 to C$2.30, inclusive. The reporting person undertakes to provide to Trilogy Metals Inc., any security holder of Trilogy Metals Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The sales price reported above was converted from the Canadian average weighted sales price of C$2.21 using an exchange rate of C$1.2613 = US$1.00.
F3	The sales price reported is a weighted average price. These shares were sold in multiple transactions ranging from C$2.20 to C$2.22, inclusive. The reporting person undertakes to provide to Trilogy Metals Inc., any security holder of Trilogy Metals Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. The sales price reported above was converted from the Canadian average weighted sales price of C$2.20 using an exchange rate of C$1.2613 = US$1.00.