Form 4 for TMC TMC the metals Co Inc.
Accepted 2023-04-05 00:00:00 ET · period of report 2023-03-20 · accession 0001104659-23-042137 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-04-05 | 2023-03-20 | TMC | Shesky Craig | CFO | A - Grant | $0.00 | +237.2K | 893.8K | +36% | $0 |
| D | 2023-04-05 | 2023-03-28 | TMC | Shesky Craig | CFO | S - Sale | $0.71 | -125.6K | 768.2K | -14% | -$89.2K |
| D | 2023-04-05 | 2023-03-20 | TMC | Shesky Craig | CFO | A - Grant | $0.00 | +563.0K | 563.0K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Shares | 2023-03-20 | A | A | 237,199 | $0.00 | 893,780 | D | — | — | (F1) Consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one common share upon vesting. The RSUs were granted and vested upon issuance as part of the Issuer's short-term incentive plan. |
| 2 | Common | Common Shares | 2023-03-28 | S | D | 125,582 | $0.71 | 768,198 | D | — | — | (F2) The sales reported in this Form 4 were effected to cover tax withholding obligations in connection with the vesting of RSUs that were granted on March 20, 2023 pursuant to an automatic "sell to cover" provision under which the Reporting Person did not have discretion included in the RSU Agreement. (F3) The price reflects the average selling price of the common shares sold. These common shares were sold in multiple transactions at prices ranging from $0.70 to $0.7825 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. |
| 3 | Derivative | Restricted Stock Units | 2023-03-20 | A | A | 562,987 | $0.00 | 562,987 | D | — · — to — | 562,987 Common Shares | (F4) Each RSU represents the right to receive one common share upon vesting. (F5) The RSUs were granted as part of the Issuer's long-term incentive plan and vest over a three year period as follows, subject to continued service through each vesting date: 1/3 on the first anniversary of March 20, 2023 (the "Grant Date"), 1/3 on the second anniversary of the Grant Date and 1/3 on the third anniversary of the Grant Date. |