Elaine Sanders - Jan 9, 2023 Form 4 Insider Report for Trilogy Metals Inc. (TMQ)

Role
VP and CFO
Signature
/s/ Elaine Sanders
Stock symbol
TMQ
Transactions as of
Jan 9, 2023
Transactions value $
$0
Form type
4
Date filed
1/11/2023, 10:51 AM
Previous filing
Dec 12, 2022
Next filing
Sep 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMQ Common Shares Options Exercise +464K +28.07% 2.12M Jan 9, 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 -30.9K -50% $0.00 30.9K Jan 9, 2023 Common Shares 30.9K Direct F1, F2
transaction TMQ Restricted Stock Units Options Exercise $0 -167K -33.33% $0.00 333K Jan 9, 2023 Common Shares 167K Direct F1, F3
transaction TMQ Restricted Stock Units Options Exercise $0 -266K -100% $0.00* 0 Jan 9, 2023 Common Shares 266K 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.