Elaine Sanders - 08 Dec 2022 Form 4 Insider Report for Trilogy Metals Inc. (TMQ)

Role
VP and CFO
Signature
/s/ Elaine Sanders
Issuer symbol
TMQ
Transactions as of
08 Dec 2022
Net transactions value
$0
Form type
4
Filing time
12 Dec 2022, 12:50:27 UTC
Previous filing
02 Dec 2022
Next filing
11 Jan 2023
SEC
View on sec.gov

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 Award $0 +266,255 $0.000000 266,255 08 Dec 2022 Common Shares 266,255 Direct F1
transaction TMQ Employee Stock Option (Right to Buy) Award $0 +500,000 $0.000000 500,000 08 Dec 2022 Common Shares 500,000 $0.5700 Direct F2, F3
transaction TMQ Restricted Stock Units Award $0 +500,000 $0.000000 500,000 08 Dec 2022 Common Shares 500,000 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents grant of restricted stock units ("RSUs") which fully vest on the date of grant. Settlement of vested RSUs will occur as soon as practicable following vesting.
F2 Converted from Canadian exercise price of C$0.78 using an exchange rate of C$1.3582 = US$1.00.
F3 The options vest as follows: 1/3 on December 8, 2022; 1/3 on December 8, 2023; and 1/3 on December 8, 2024.
F4 Represents grant of restricted stock units ("RSUs") which vest as follows: 1/3 on December 8, 2022; 1/3 on December 8, 2023; and 1/3 on December 8, 2024. Settlement of vested RSUs will occur as soon as practicable following vesting.