Andrei Karkar - 06 Feb 2026 Form 4 Insider Report for TMC the metals Co Inc. (TMC)

Reporting relationship: Director, 10%+ Owner
Issuer ticker: TMC
Reported as of: 06 Feb 2026
Net transaction value: +$20,541
SEC form: 4
Accepted by SEC: 10 Feb 2026, 19:42:59 UTC
Prior SEC filing: 05 Feb 2026
Next SEC filing: 02 Jun 2026
Source filing: View source filing
Reporting owner signature: /s/ Michelle Ancosky, Attorney-In-Fact

Key filing fact

Andrei Karkar filed Form 4 for TMC the metals Co Inc. (TMC) on 10 Feb 2026.

Key facts

This page summarizes Andrei Karkar's Form 4 filing for TMC the metals Co Inc. (TMC).
10 reported transactions and 9 derivative rows are listed below.
Accepted by SEC: 10 Feb 2026, 19:42.

Change

Previous filing in this sequence was filed on 05 Feb 2026.
Current net transaction value: +$20,541.

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 (2)

CIK 0001874431 Primary reporting owner

Karkar Andrei

Relationship: Director, 10%+ Owner
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: 10 Feb 2026

CIK 0001881973

ERAS Capital LLC

Relationship: 10%+ Owner
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: 10 Feb 2026

Reported non-derivative transactions

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

TMC transaction

Common Shares

Options Exercise

Transaction value: $20,541
Shares: +31,602
Change %: +8%
Price: $0.6500
Shares after: 425,611
Date: 06 Feb 2026
Ownership: Direct
Footnotes: F1

TMC holding

Common Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 60,953,495
Date: 06 Feb 2026
Ownership: ERAS Capital LLC
Footnotes: F2

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: -31,602
Change %: -25%
Price
Shares after: 94,805
Date: 06 Feb 2026
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 31,602
Exercise price: $0.6500
Footnotes: F1, F3, F4, F5, F9

TMC transaction Derivative

Class A Special Shares

Options Exercise

Transaction value
Shares: +689
Change %: +50%
Price
Shares after: 2,078
Date: 06 Feb 2026
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 689
Exercise price
Footnotes: F6, F7, F8

TMC transaction Derivative

Class B Special Shares

Options Exercise

Transaction value
Shares: +1,379
Change %: +50%
Price
Shares after: 4,157
Date: 06 Feb 2026
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 1,379
Exercise price
Footnotes: F6, F7, F8

TMC transaction Derivative

Class C Special Shares

Options Exercise

Transaction value
Shares: +1,379
Change %: +50%
Price
Shares after: 4,157
Date: 06 Feb 2026
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 1,379
Exercise price
Footnotes: F6, F7, F8

TMC transaction Derivative

Class D Special Shares

Options Exercise

Transaction value
Shares: +2,758
Change %: +50%
Price
Shares after: 8,315
Date: 06 Feb 2026
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 2,758
Exercise price
Footnotes: F6, F7, F8

TMC transaction Derivative

Class E Special Shares

Options Exercise

Transaction value
Shares: +2,758
Change %: +50%
Price
Shares after: 8,315
Date: 06 Feb 2026
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 2,758
Exercise price
Footnotes: F6, F7, F8

TMC transaction Derivative

Class F Special Shares

Options Exercise

Transaction value
Shares: +2,758
Change %: +50%
Price
Shares after: 8,315
Date: 06 Feb 2026
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 2,758
Exercise price
Footnotes: F6, F7, F8

TMC transaction Derivative

Class G Special Shares

Options Exercise

Transaction value
Shares: +3,447
Change %: +50%
Price
Shares after: 10,394
Date: 06 Feb 2026
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 3,447
Exercise price
Footnotes: F6, F7, F8

TMC transaction Derivative

Class H Special Shares

Options Exercise

Transaction value
Shares: +3,447
Change %: +50%
Price
Shares after: 10,394
Date: 06 Feb 2026
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 3,447
Exercise price
Footnotes: F6, F7, F8

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 9 footnotes

Footnote F1

Represents the exercise of stock options to purchase 31,602 common shares for cash at an exercise price of $0.65 per common share. The deadline to exercise these stock options with respect to the vested common shares underlying them is March 5, 2026. In accordance with the terms of the stock options, the Reporting Person was also issued 689 Class A Special Shares, 1,379 Class B Special Shares, 1,379 Class C Special Shares, 2,758 Class D Special Shares, 2,758 Class E Special Shares, 2,758 Class F Special Shares, 3,447 Class G Special Shares and 3,447 Class H Special Shares for no additional consideration.

Footnote F2

The securities are held directly by ERAS Capital LLC ("ERAS"). Andrei Karkar is the managing member of ERAS and shares voting and dispositive power over and may be deemed to beneficially own such securities held by ERAS. Andrei Karkar disclaims beneficial ownership over any securities owned by ERAS other than to the extent of any pecuniary interest he may have therein.

Footnote F3

These stock options vest in increments upon the occurrence of certain milestones, subject to continued service through each milestone. These stock options are exercisable at any time until March 5 of the year following vesting of such stock option (any such date, the "Exercise Date"). These stock options expire on the day after the Exercise Date.

Footnote F4

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 1 above.

Footnote F5

Received by the Reporting Person as described in the Form 4 submitted by the Reporting Person on September 13, 2021.

Footnote F6

Each of the 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 F7

Represents the amount of the specified class of Special Shares acquired upon the exercise of stock options referenced in Footnote 1 above.

Footnote F8

Does not include the Special Shares held by ERAS Capital LLC that were previously reported in the Form 4 submitted by the Reporting Person on September 13, 2021.

Footnote F9

Also includes the right to purchase 2,069 Class A Special Shares, 4,137 Class B Special Shares, 4,137 Class C Special Shares, 8,274 Class D Special Shares, 8,274 Class E Special Shares, 8,274 Class F Special Shares, 10,343 Class G Special Shares and 10,343 Class H Special Shares.