Elaine Sanders - 04 Jan 2022 Form 4 Insider Report for Trilogy Metals Inc. (TMQ)

Role: VP and CFO
Signature: /s/ Elaine Sanders
Issuer symbol: TMQ
Transactions as of: 04 Jan 2022
Net transactions value: $0
Form type: 4
Filing time: 05 Jan 2022, 12:56:49 UTC
Previous filing: 13 Dec 2021
Next filing: 02 Jun 2022
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		+30,866	+2.1%		1,507,740	04 Jan 2022	Direct	F1
transaction	TMQ	Common Shares	Options Exercise		+26,650	+1.8%		1,534,390	04 Jan 2022	Direct	F2

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	Restricted Stock Units	Options Exercise	$0	-30,866	-33%	$0.000000	61,734	04 Jan 2022	Common Shares	30,866		Direct	F1
transaction	TMQ	Restricted Stock Units	Options Exercise	$0	-26,650	-100%	$0.000000^*	0	04 Jan 2022	Common Shares	26,650		Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents December 9, 2021, grant of restricted stock units which vest as follows: 1/3 on December 9, 2021; 1/3 on December 9, 2022; and 1/3 on December 9, 2023. Settlement of the RSUs that vested on December 9, 2021, occurred on January 4, 2022.
F2	Represents December 9, 2021, grant of restricted stock units which fully vest on the grant date. Settlement of the vested RSUs occurred on January 4, 2022.