Tony Giardini - Jan 9, 2023 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
Jan 9, 2023
Transactions value $
$0
Form type
4
Date filed
1/11/2023, 10:52 AM
Previous filing
Dec 12, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMQ Common Shares Options Exercise +1.03M +72.36% 2.44M 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 -61.8K -50% $0.00 61.8K Jan 9, 2023 Common Shares 61.8K Direct F1, F2
transaction TMQ Restricted Stock Units Options Exercise $0 -400K -33.33% $0.00 800K Jan 9, 2023 Common Shares 400K Direct F1, F3
transaction TMQ Restricted Stock Units Options Exercise $0 -564K -100% $0.00* 0 Jan 9, 2023 Common Shares 564K 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 occuing as soon as practicable following vesting.