Tony Giardini - Dec 8, 2022 Form 4 Insider Report for Trilogy Metals Inc. (TMQ)

Role
President and CEO, Director
Signature
/s/ Elaine Sanders as attorney-in-fact for Tony Giardini
Stock symbol
TMQ
Transactions as of
Dec 8, 2022
Transactions value $
$0
Form type
4
Date filed
12/12/2022, 12:52 PM
Previous filing
Dec 2, 2022
Next filing
Jan 11, 2023

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 +564K $0.00 564K Dec 8, 2022 Common Shares 564K Direct F1
transaction TMQ Employee Stock Option (Right to Buy) Award $0 +1.2M $0.00 1.2M Dec 8, 2022 Common Shares 1.2M $0.57 Direct F2, F3
transaction TMQ Restricted Stock Units Award $0 +1.2M $0.00 1.2M Dec 8, 2022 Common Shares 1.2M 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.