Elaine Sanders - 09 Jan 2023 Form 4 Insider Report for Trilogy Metals Inc. (TMQ)

Role
VP and CFO
Signature
/s/ Elaine Sanders
Issuer symbol
TMQ
Transactions as of
09 Jan 2023
Net transactions value
$0
Form type
4
Filing time
11 Jan 2023, 10:51:08 UTC
Previous filing
12 Dec 2022
Next filing
05 Sep 2023
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 +463,787 +28% 2,116,149 09 Jan 2023 Direct F1

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 -50% $0.000000 30,868 09 Jan 2023 Common Shares 30,866 Direct F1, F2
transaction TMQ Restricted Stock Units Options Exercise $0 -166,666 -33% $0.000000 333,334 09 Jan 2023 Common Shares 166,666 Direct F1, F3
transaction TMQ Restricted Stock Units Options Exercise $0 -266,255 -100% $0.000000* 0 09 Jan 2023 Common Shares 266,255 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F2 Represents grant of restricted stock units ("RSUs") 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 vested RSUs will occur as soon as practicable following vesting.
F3 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.
F4 Represents grant of restricted stock units ("RSUs") which vested fully on the date of grant with settlement occuring as soon as practicable following vesting.