Key facts
- This page summarizes Scott Edward Leonard's Form 4 filing for TMC the metals Co Inc. (TMC).
- 6 reported transactions and 4 derivative rows are listed below.
- Accepted by SEC: 10 Sep 2021, 19:41.
Scott Edward Leonard - 09 Sep 2021 Form 4 Insider Report for TMC the metals Co Inc. (TMC)
- Reporting relationship
- Director
- Issuer ticker
- TMC
- Reported as of
- 09 Sep 2021
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 10 Sep 2021, 19:41:45 UTC
- Next SEC filing
- 15 Sep 2021
- Source filing
- View source filing
- Reporting owner signature
- /s/ Scott Leonard
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Scott Edward Leonard filed Form 4 for TMC the metals Co Inc. (TMC) on 10 Sep 2021.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
TMC
transaction
Common Shares
Options Exercise
- Transaction value
- Shares
- +7,410,000
- Change %
- Price
- Shares after
- 7,410,000
- Date
- 09 Sep 2021
- Ownership
- By Sustainable Opportunities Holdings LLC
- Footnotes
- F1, F4
TMC
transaction
Common Shares
Disposed to Issuer
- Transaction value
- Shares
- -741,000
- Change %
- -10%
- Price
- Shares after
- 6,669,000
- Date
- 09 Sep 2021
- Ownership
- By Sustainable Opportunities Holdings LLC
- Footnotes
- F2, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
TMC
transaction
Derivative
Class B ordinary shares
Options Exercise
- Transaction value
- Shares
- -7,410,000
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 09 Sep 2021
- Ownership
- By Sustainable Opportunities Holdings LLC
- Underlying class
- Class A ordinary shares
- Underlying amount
- 7,410,000
- Exercise price
- Footnotes
- F1, F4
TMC
transaction
Derivative
Class I Special Shares
Award
- Transaction value
- Shares
- +500,000
- Change %
- Price
- Shares after
- 500,000
- Date
- 09 Sep 2021
- Ownership
- By Sustainable Opportunities Holdings LLC
- Underlying class
- Common Shares
- Underlying amount
- 500,000
- Exercise price
- Footnotes
- F2, F4
TMC
transaction
Derivative
Class J Special Shares
Award
- Transaction value
- Shares
- +741,000
- Change %
- Price
- Shares after
- 741,000
- Date
- 09 Sep 2021
- Ownership
- By Sustainable Opportunities Holdings LLC
- Underlying class
- Common Shares
- Underlying amount
- 741,000
- Exercise price
- Footnotes
- F2, F4
TMC
transaction
Derivative
Warrants to purchase Common Shares
Other
- Transaction value
- Shares
- +9,500,000
- Change %
- Price
- Shares after
- 9,500,000
- Date
- 09 Sep 2021
- Ownership
- By Sustainable Opportunities Holdings LLC
- Underlying class
- Common Shares
- Underlying amount
- 9,500,000
- Exercise price
- $11.50
- Footnotes
- F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote F1
On September 9, 2021, Sustainable Opportunities Acquisition Corp. (the former name of the Issuer), consummated its initial business combination (the "Business Combination") with DeepGreen Metals Inc. In connection with the Business Combination, each Class B ordinary share automatically converted into one common share on a one-for-one basis.
Footnote F2
In connection with the Business Combination, Sustainable Opportunities Holdings LLC (the "Sponsor") exchanged 741,000 common shares for Class I Special Shares and Class J Special Shares, each of which is automatically convertible into common shares on a one-for-one basis if the common shares trade for at least $50.00 per share, in the case of the Class I Special Shares, or $12.00 per share, in the case of the Class J Sponsor Shares, in each case on any twenty trading days in any thirty trading day period or in the event of certain changes of control.
Footnote F3
Pursuant to the private placement warrant purchase agreement between the Sponsor and the Issuer, dated as of May 5, 2020, the Sponsor purchased an aggregate of 9,500,000 private placement warrants to purchase Class A ordinary shares on a one-for-one basis. In connection with the Business Combination, the private placement warrants became exercisable for common shares on a one-for-one basis at a price of $11.50 per share. The private placement warrants may be exercised only during the period commencing 30 days after completion of the Business Combination and expire five years after the completion of the Business Combination or earlier upon redemption or liquidation.
Footnote F4
The Reporting Person has voting and investment discretion with respect to certain securities held by the Sponsor and may be deemed to have shared beneficial ownership of such securities held directly by the Sponsor. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.