Janice Stairs - 10 Nov 2021 Form 4 Insider Report for Trilogy Metals Inc. (TMQ)

Role: Director
Signature: /s/ Elaine Sanders as attorney-in-fact for Janice Stairs
Issuer symbol: TMQ
Transactions as of: 10 Nov 2021
Net transactions value: -$17,445
Form type: 4
Filing time: 15 Nov 2021, 11:19:08 UTC
Previous filing: 05 Nov 2021
Next filing: 01 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	$433	+773	+0.27%	$0.5600	286,596	10 Nov 2021	Direct	F1
transaction	TMQ	Common Shares	Sale	$784	-400	-0.14%	$1.96	286,196	10 Nov 2021	Direct	F2
transaction	TMQ	Common Shares	Options Exercise	$14,000	+25,000	+8.7%	$0.5600	311,196	11 Nov 2021	Direct	F1
transaction	TMQ	Common Shares	Sale	$25,413	-12,835	-4.1%	$1.98	298,361	11 Nov 2021	Direct	F3
transaction	TMQ	Common Shares	Options Exercise	$7,030	+12,553	+4.2%	$0.5600	310,914	11 Nov 2021	Direct	F1
transaction	TMQ	Common Shares	Sale	$12,710	-6,452	-2.1%	$1.97	304,462	11 Nov 2021	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	TMQ	Director Stock Option (Right to Buy)	Options Exercise	$0	-773	-1.5%	$0.000000	49,227	10 Nov 2021	Common Shares	773	$0.5600	Direct	F1
transaction	TMQ	Director Stock Option (Right to Buy)	Options Exercise	$0	-25,000	-51%	$0.000000	24,227	11 Nov 2021	Common Shares	25,000	$0.5600	Direct	F1
transaction	TMQ	Director Stock Option (Right to Buy)	Options Exercise	$0	-12,553	-52%	$0.000000	11,674	11 Nov 2021	Common Shares	12,553	$0.5600	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$1.2452 = US$1.00.
F2	The sales price reported above was converted from the Canadian sale price of C$2.44 using an exchange rate C$1.2452 = US$1.00.
F3	The sales price reported above is a weighted average price. These shares were sold in multiple transactions at prices ranging from C$2.46 to C$2.47, 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 weighted average price was converted from the Canadian weighted average price of C$2.47 using an exchange rate C$1.2452 = US$1.00.
F4	The sales price reported above is a weighted average price. These shares were sold in multiple transactions at prices ranging from C$2.45 to C$2.46, 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 weighted average price was converted from the Canadian weighted average price of C$2.45 using an exchange rate C$1.2452 = US$1.00.