Kalidas V. Madhavpeddi - Nov 9, 2021 Form 4 Insider Report for Trilogy Metals Inc. (TMQ)

Role
Director
Signature
/s/ Elaine Sanders as attorney-in-fact for Kalidas V. Madhavpeddi
Stock symbol
TMQ
Transactions as of
Nov 9, 2021
Transactions value $
-$2,445
Form type
4
Date filed
11/10/2021, 05:07 PM
Previous filing
Nov 4, 2021
Next filing
Dec 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMQ Common Shares Options Exercise $42K +75K +12479.2% $0.56 75.6K Nov 9, 2021 Direct F1
transaction TMQ Common Shares Sale -$44.4K -23.4K -30.94% $1.90 52.2K Nov 9, 2021 Direct F2
holding TMQ Common Shares 329K Nov 9, 2021 Held by the Kalidas and Darlene Madhavpeddi Family Trust 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 Option (Right to Buy) Options Exercise $0 -75K -100% $0.00* 0 Nov 9, 2021 Common Shares 75K $0.56 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Converted from Canadian exercise price of C$0.70 using an exchange rate of C$1.2448 = US$1.00.
F2 The sales price reported above is a weighted average price. The shares were sold in multiple transactions at prices ranging from C$2.33 to C$2.41, 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 Canadian sales price of C$2.37 was converted into U.S dollars using an exchange rate of C$1.2448 - U.S. $1.00.
F3 The Kalidas and Darlene Madhavpeddi Family Trust dtd 07/27/1998 is a trust established for the benefit of the reporting person's family (the "Trust"). The reporting person is a trustee and a primary beneficiary of the Trust.