Thomas S. Kaplan - 26 Dec 2025 Form 4 Insider Report for Trilogy Metals Inc. (TMQ)

Reporting relationship: 10%+ Owner
Issuer ticker: TMQ
Reported as of: 26 Dec 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 29 Dec 2025, 16:15:15 UTC
Prior SEC filing: 02 Dec 2025
Next SEC filing: 03 Feb 2026
Source filing: View source filing
Reporting owner signature: /s/ Thomas Scott Kaplan, Thomas Scott Kaplan

Key filing fact

Thomas S. Kaplan filed Form 4 for Trilogy Metals Inc. (TMQ) on 29 Dec 2025.

Key facts

This page summarizes Thomas S. Kaplan's Form 4 filing for Trilogy Metals Inc. (TMQ).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 29 Dec 2025, 16:15.

Change

Previous filing in this sequence was filed on 02 Dec 2025.
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 0001124803 Primary reporting owner

KAPLAN THOMAS SCOTT

Relationship: 10%+ Owner
Address: 600 FIFTH AVENUE, 24TH FLOOR, NEW YORK
Signature: /s/ Thomas Scott Kaplan, Thomas Scott Kaplan
Signature date: 29 Dec 2025

CIK 0001637981

Electrum Strategic Opportunities Fund L.P.

Relationship: 10%+ Owner
Address: 600 FIFTH AVENUE, 24TH FLOOR, NEW YORK
Signature: ELECTRUM STRATEGIC OPPORTUNITIES FUND L.P., /s/ Michael H. Williams, By: Michael H. Williams, Authorized Person
Signature date: 29 Dec 2025

CIK 0001565641

Electrum Group LLC

Relationship: 10%+ Owner
Address: 600 FIFTH AVENUE, 24TH FLOOR, NEW YORK
Signature: THE ELECTRUM GROUP LLC, /s/ Michael H. Williams, By: Michael H. Williams, Authorized Person
Signature date: 29 Dec 2025

CIK 0001663180

ESOF GP Ltd.

Relationship: 10%+ Owner
Address: 600 FIFTH AVENUE, 24TH FLOOR, NEW YORK
Signature: ESOF GP LTD., /s/ Michael H. Williams, By: Michael H. Williams, Authorized Person
Signature date: 29 Dec 2025

CIK 0001565707

GRAT Holdings LLC

Relationship: 10%+ Owner
Address: 600 FIFTH AVENUE, 24TH FLOOR, NEW YORK
Signature: GRAT HOLDINGS LLC, /s/ Thomas Scott Kaplan, By: Thomas Scott Kaplan, Co-Chief Executive Officer
Signature date: 29 Dec 2025

Reported non-derivative transactions

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

TMQ transaction

Common Shares

Gift

Transaction value: $0
Shares: -540,406
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 26 Dec 2025
Ownership: Direct
Footnotes: F1, F2

TMQ transaction

Common Shares

Gift

Transaction value: $0
Shares: -416,666
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 26 Dec 2025
Ownership: By spouse
Footnotes: F1, F3, F4

TMQ holding

Common Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 31,604,741
Date: 26 Dec 2025
Ownership: By Electrum Strategic Opportunities Fund L.P.
Footnotes: F5, F6

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Reflects shares that were donated to a charitable foundation for no consideration.

Footnote F2

Includes 10,000 shares previously held through Tigris Financial Group Ltd., of which Mr. Kaplan is the sole shareholder, and 416,667 shares previously held by GRAT Holdings LLC, which is owned by trusts for the benefit of family members of Mr. Kapan. The shares were transferred to an account for the benefit of Mr. Kaplan in transactions exempt from reporting pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended.

Footnote F3

Includes 416,666 shares previously held by GRAT Holdings LLC, which is owned by trusts for the benefit of family members of Mr. Kaplan. The shares were transferred to an account for the benefit of Mr. Kaplan's spouse in transactions exempt from reporting pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended.

Footnote F4

Represents shares owned directly by Mr. Kaplan's spouse. For purposes of Section 16 of the Securities Exchange Act of 1934, each reporting person disclaims beneficial ownership of any such securities, except to the extent of his/its pecuniary interest therein, and this report shall not be deemed an admission that such reporting person is the beneficial owner of such securities for the purposes of Section 16 or otherwise.

Footnote F5

Electrum Strategic Opportunities Fund L.P. ("ESOF") is an investment fund, of which The Electrum Group LLC is the investment adviser. ESOF GP Ltd. is the general partner of the sole general partner of ESOF.

Footnote F6

In accordance with 4(b)(iv) of the Form 4 instructions, the entire amount of the Issuer's securities held by ESOF is reported herein. For purposes of Section 16 of the Securities Exchange Act of 1934, each reporting person disclaims beneficial ownership of any such securities, except to the extent of his/its pecuniary interest therein, and this report shall not be deemed an admission that such reporting person is the beneficial owner of such securities for the purposes of Section 16 or otherwise.