Allseas Group S.A. - 22 May 2025 Form 4 Insider Report for TMC the metals Co Inc. (TMC)

Reporting relationship: 10%+ Owner
Issuer ticker: TMC
Reported as of: 22 May 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 27 May 2025, 18:20:01 UTC
Prior SEC filing: 15 Aug 2023
Next SEC filing: 07 Jul 2026
Source filing: View source filing
Reporting owner signature: /s/ Pieter Heerema, President and authorized signatory of Allseas Group S.A.

Key filing fact

Allseas Group S.A. filed Form 4 for TMC the metals Co Inc. (TMC) on 27 May 2025.

Key facts

This page summarizes Allseas Group S.A.'s Form 4 filing for TMC the metals Co Inc. (TMC).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 27 May 2025, 18:20.

Change

Previous filing in this sequence was filed on 15 Aug 2023.
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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (5)

CIK 0001884066 Primary reporting owner

Allseas Group S.A.

Relationship: 10%+ Owner
Address: 18 ROUTE DE PRA DE PLAN, CASE POSTALE 411, CHATEL-SAINT-DENIS, SWITZERLAND
Signature: /s/ Pieter Heerema, President and authorized signatory of Allseas Group S.A.
Signature date: 27 May 2025

CIK 0001956334

Allseas Investments S.A.

Relationship: 10%+ Owner
Address: 18 ROUTE DE PRA DE PLAN, CASE POSTALE 411, CHATEL-SAINT-DENIS, SWITZERLAND
Signature: /s/ Edward Heerema
Signature date: 27 May 2025

CIK 0001956371

Heerema Edward

Relationship: 10%+ Owner
Address: C/O ALLSEAS GROUP S.A.18 ROUTE DE PRA, DE PLAN, CASE POSTALE 411, CHATEL-SAINT-DENIS, SWITZERLAND
Signature: /s/ Edward Heerema, President and authorized signatory of Allseas Investments S.A.
Signature date: 27 May 2025

CIK 0001956510

Argentum Cedit Virtuti NV

Relationship: 10%+ Owner
Address: WIEGSTRAAT 21, ANTWERPEN, BELGIUM
Signature: /s/ Edward Heerema, director and authorized signatory of Argentum Cedit Virtuti NV
Signature date: 27 May 2025

CIK 0001956509

Stichting Administratiekantoor Aequa Lance Foundation

Relationship: 10%+ Owner
Address: C/O ALLSEAS GROUP S.A.18 ROUTE DE PRA, DE PLAN, CASE POSTALE 411, CHATEL-SAINT-DENIS, SWITZERLAND
Signature: /s/ Edward Heerema, Chairman and authorized signatory of Stichting Administratiekantoor Aequa Lance Foundation
Signature date: 27 May 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TMC transaction

Common Shares

Purchase

Transaction value
Shares: +2,333,333
Change %: +4.4%
Price
Shares after: 55,113,601
Date: 22 May 2025
Ownership: Direct
Footnotes: F1, F2

TMC holding

Common Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,000,000
Date: 22 May 2025
Ownership: Direct
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

TMC transaction Derivative

Class C Warrants (right to buy)

Purchase

Transaction value
Shares: +2,333,333
Change %
Price
Shares after: 2,333,333
Date: 22 May 2025
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 2,333,333
Exercise price: $4.50
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

These securities are owned by Allseas Group S.A. ("Allseas"). Mr. Edward Heerema has sole authority over Allseas. Mr. Heerema, Allseas Investments S.A., ("Allseas Investments"), the majority parent of Allseas, Argentum Cedit Virtuti NV ("ACV"), the parent of Allseas Investments, and Stichting Administratiekantoor Aequa Lance Foundation, the parent of ACV, may be deemed to have beneficial ownership of the shares owned by Allseas. Each of Mr. Heerema, Allseas Investments, ACV and Stichting Administratiekantoor Aequa Lance Foundation disclaims beneficial ownership over any securities directly held by Allseas, except to the extent of his or its respective pecuniary interest therein.

Footnote F2

On May 22, 2025, Allseas acquired 2,333,333 common shares and accompanying Class C Warrants to purchase 2,333,333 common shares for a total purchase price of $7 million.

Footnote F3

These securities are owned by ACV. Mr. Heerema may be deemed to have voting and investment power over the shares owned by ACV. Mr. Heerema disclaims beneficial ownership over any securities directly held by ACV, except to the extent of his pecuniary interest therein.