Key facts
- This page summarizes Erika Ilves's Form 4 filing for TMC the metals Co Inc. (TMC).
- 16 reported transactions and 11 derivative rows are listed below.
- Accepted by SEC: 24 Sep 2025, 21:05.
Erika Ilves - 22 Sep 2025 Form 4 Insider Report for TMC the metals Co Inc. (TMC)
- Reporting relationship
- Chief Strategy Officer
- Issuer ticker
- TMC
- Reported as of
- 22 Sep 2025
- Net transaction value
- -$8,133,189
- SEC form
- 4
- Accepted by SEC
- 24 Sep 2025, 21:05:25 UTC
- Prior SEC filing
- 24 Mar 2025
- Next SEC filing
- 15 Apr 2026
- Source filing
- View source filing
- Reporting owner signature
- /s/ Michelle Ancosky. Attorney-In-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Erika Ilves filed Form 4 for TMC the metals Co Inc. (TMC) on 24 Sep 2025.
Change
- Previous filing in this sequence was filed on 24 Mar 2025.
- Current net transaction value: -$8,133,189.
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.
Reporting Owners (1)
CIK 0001878778
Primary reporting owner
ILVES Erika
- Relationship
- Chief Strategy Officer
- Address
- C/O TMC THE METALS COMPANY INC.,, 1111 WEST HASTINGS STREET, 15TH FLOOR, VANCOUVER, BRITISH COLUMBIA, CANADA
- Signature
- /s/ Michelle Ancosky. Attorney-In-Fact
- Signature date
- 24 Sep 2025
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
TMC
transaction
Common Shares
Sale
- Transaction value
- $9,182,868
- Shares
- -1,591,485
- Change %
- -58%
- Price
- $5.77
- Shares after
- 1,145,792
- Date
- 22 Sep 2025
- Ownership
- Direct
- Footnotes
- F1
TMC
transaction
Common Shares
Award
- Transaction value
- $0
- Shares
- +2,000,000
- Change %
- +175%
- Price
- $0.000000
- Shares after
- 3,145,792
- Date
- 23 Sep 2025
- Ownership
- Direct
- Footnotes
- F2
TMC
transaction
Common Shares
Options Exercise
- Transaction value
- $714,979
- Shares
- +1,099,968
- Change %
- +35%
- Price
- $0.6500
- Shares after
- 4,245,760
- Date
- 24 Sep 2025
- Ownership
- Direct
- Footnotes
- F3
TMC
transaction
Common Shares
Options Exercise
- Transaction value
- $170,371
- Shares
- +262,109
- Change %
- +6.2%
- Price
- $0.6500
- Shares after
- 4,507,869
- Date
- 24 Sep 2025
- Ownership
- Direct
- Footnotes
- F4
TMC
transaction
Common Shares
Options Exercise
- Transaction value
- $164,330
- Shares
- +252,815
- Change %
- +5.6%
- Price
- $0.6500
- Shares after
- 4,760,684
- Date
- 24 Sep 2025
- Ownership
- Direct
- Footnotes
- F5
TMC
holding
Common Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 30,682
- Date
- 22 Sep 2025
- Ownership
- By children
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
TMC
transaction
Derivative
Stock Option (right to buy)
Options Exercise
- Transaction value
- Shares
- -1,099,968
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 24 Sep 2025
- Ownership
- Direct
- Underlying class
- Common Shares
- Underlying amount
- 1,099,968
- Exercise price
- $0.6500
- Footnotes
- F3, F6, F7, F8
TMC
transaction
Derivative
Stock Option (right to buy)
Options Exercise
- Transaction value
- Shares
- -262,109
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 24 Sep 2025
- Ownership
- Direct
- Underlying class
- Common Shares
- Underlying amount
- 262,109
- Exercise price
- $0.6500
- Footnotes
- F4, F8, F9, F10
TMC
transaction
Derivative
Stock Option (right to buy)
Options Exercise
- Transaction value
- Shares
- -252,815
- Change %
- -25%
- Price
- Shares after
- 758,444
- Date
- 24 Sep 2025
- Ownership
- Direct
- Underlying class
- Common Shares
- Underlying amount
- 252,815
- Exercise price
- $0.6500
- Footnotes
- F5, F8, F11, F12, F13
TMC
transaction
Derivative
Class A Special Shares
Options Exercise
- Transaction value
- Shares
- +35,233
- Change %
- +744%
- Price
- Shares after
- 39,970
- Date
- 24 Sep 2025
- Ownership
- Direct
- Underlying class
- Common Shares
- Underlying amount
- 35,233
- Exercise price
- Footnotes
- F14, F15
TMC
transaction
Derivative
Class B Special Shares
Options Exercise
- Transaction value
- Shares
- +70,468
- Change %
- +744%
- Price
- Shares after
- 79,941
- Date
- 24 Sep 2025
- Ownership
- Direct
- Underlying class
- Common Shares
- Underlying amount
- 70,468
- Exercise price
- Footnotes
- F14, F15
TMC
transaction
Derivative
Class C Special Shares
Options Exercise
- Transaction value
- Shares
- +70,468
- Change %
- +744%
- Price
- Shares after
- 79,941
- Date
- 24 Sep 2025
- Ownership
- Direct
- Underlying class
- Common Shares
- Underlying amount
- 70,468
- Exercise price
- Footnotes
- F14, F15
TMC
transaction
Derivative
Class D Special Shares
Options Exercise
- Transaction value
- Shares
- +140,937
- Change %
- +744%
- Price
- Shares after
- 159,884
- Date
- 24 Sep 2025
- Ownership
- Direct
- Underlying class
- Common Shares
- Underlying amount
- 140,937
- Exercise price
- Footnotes
- F14, F15
TMC
transaction
Derivative
Class E Special Shares
Options Exercise
- Transaction value
- Shares
- +140,937
- Change %
- +744%
- Price
- Shares after
- 159,884
- Date
- 24 Sep 2025
- Ownership
- Direct
- Underlying class
- Common Shares
- Underlying amount
- 140,937
- Exercise price
- Footnotes
- F14, F15
TMC
transaction
Derivative
Class F Special Shares
Options Exercise
- Transaction value
- Shares
- +140,937
- Change %
- +744%
- Price
- Shares after
- 159,884
- Date
- 24 Sep 2025
- Ownership
- Direct
- Underlying class
- Common Shares
- Underlying amount
- 140,937
- Exercise price
- Footnotes
- F14, F15
TMC
transaction
Derivative
Class G Special Shares
Options Exercise
- Transaction value
- Shares
- +176,172
- Change %
- +744%
- Price
- Shares after
- 199,855
- Date
- 24 Sep 2025
- Ownership
- Direct
- Underlying class
- Common Shares
- Underlying amount
- 176,172
- Exercise price
- Footnotes
- F14, F15
TMC
transaction
Derivative
Class H Special Shares
Options Exercise
- Transaction value
- Shares
- +176,172
- Change %
- +744%
- Price
- Shares after
- 199,855
- Date
- 24 Sep 2025
- Ownership
- Direct
- Underlying class
- Common Shares
- Underlying amount
- 176,172
- Exercise price
- Footnotes
- F14, F15
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 15 footnotes
Footnote F1
The price reflects the average selling price of the common shares sold. These common shares were sold in multiple transactions at prices ranging from $5.68 to $5.91 per common share. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of common shares sold at each price.
Footnote F2
Consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one common share ("Share") upon vesting. The RSUs were granted pursuant to the Issuer's long-term retention plan and vest, subject to the Reporting Person's continued employment through September 1, 2029 (the "Retention Date"), as follows: (i) 50% upon the trailing 30-day average closing price of the Shares (the "Average Share Price") reaching $10.00 on or before April 16, 2029, and (ii) 50% upon the Average Share Price reaching $12.50 on or before April 16, 2029. Shares received upon settlement of the RSUs may not be sold or otherwise transferred prior to the Retention Date.
Footnote F3
Represents the exercise of stock options to purchase 1,099,968 common shares for cash at an exercise price of $0.65 per common share. In accordance with the terms of the stock options, the Reporting Person was also issued 23,999 Class A Special Shares, 47,999 Class B Special Shares, 47,999 Class C Special Shares, 95,998 Class D Special Shares, 95,998 Class E Special Shares, 95,998 Class F Special Shares, 119,998 Class G Special Shares and 119,998 Class H Special Shares for no additional consideration.
Footnote F4
Represents the exercise of stock options to purchase 262,109 common shares for cash at an exercise price of $0.65 per common share. In accordance with the terms of the stock options, the Reporting Person was also issued 5,718 Class A Special Shares, 11,437 Class B Special Shares, 11,437 Class C Special Shares, 22,875 Class D Special Shares, 22,875 Class E Special Shares, 22,875 Class F Special Shares, 28,594 Class G Special Shares and 28,594 Class H Special Shares for no additional consideration.
Footnote F5
Represents the exercise of stock options to purchase 252,815 common shares for cash at an exercise price of $0.65 per common share. In accordance with the terms of the stock options, the Reporting Person was also issued 5,516 Class A Special Shares, 11,032 Class B Special Shares, 11,032 Class C Special Shares, 22,064 Class D Special Shares, 22,064 Class E Special Shares, 22,064 Class F Special Shares, 27,580 Class G Special Shares and 27,580 Class H Special Shares for no additional consideration.
Footnote F6
Was fully vested as of September 1, 2020.
Footnote F7
Also included the right to purchase the Class A Special Shares, the Class B Special Shares, the Class C Special Shares, the Class D Special Shares, the Class E Special Shares, the Class F Special Shares, the Class G Special Shares and the Class H Special Shares (collectively, the "Special Shares") set forth in Footnote 3 above.
Footnote F8
Received by the Reporting Person in connection with the September 9, 2021 business combination transaction as described in the Form 4 submitted by the Reporting Person on September 13, 2021.
Footnote F9
Was fully vested as of March 6, 2021.
Footnote F10
Also included the right to purchase the Special Shares set forth in Footnote 4 above.
Footnote F11
These stock options vest in increments upon the occurrence of certain milestones, subject to continued service through each milestone, as previously disclosed in the Form 4 submitted by the Reporting Person on September 13, 2021.
Footnote F12
Also included the right to purchase the Special Shares set forth in Footnote 5 above.
Footnote F13
Also includes the right to purchase 16,548 Class A Special Shares, 33,096 Class B Special Shares, 33,096 Class C Special Shares, 66,192 Class D Special Shares, 66,192 Class E Special Shares, 66,192 Class F Special Shares, 82,741 Class G Special Shares and 82,741 Class H Special Shares.
Footnote F14
Each of the Class A Special Shares, the Class B Special Shares, the Class C Special Shares, the Class D Special Shares, the Class E Special Shares, the Class F Special Shares, the Class G Special Shares and the Class H Special Shares automatically convert into common shares on a one for one basis, if on any twenty trading days within any thirty trading day period, the common shares trade for a price that is greater than or equal to the price threshold for such class of Special Shares (the "Price Threshold") described below, or in the event of certain changes of control. The Price Thresholds for the Special Shares are as follows: Class A Special Shares ($15.00), Class B Special Shares ($25.00), Class C Special Shares ($35.00), Class D Special Shares ($50.00), Class E Special Shares ($75.00), Class F Special Shares ($100.00), Class G Special Shares ($150.00), and Class H Special Shares ($200.00).
Footnote F15
Represents the aggregate amount of the specified class of Special Shares acquired upon the exercise of stock options referenced in Footnotes 3, 4 and 5 above.