Form 4 for TMC TMC the metals Co Inc.
Accepted 2023-08-15 00:00:00 ET · period of report 2023-07-24 · accession 0001104659-23-091965 · 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 | 2023-08-15 | 2023-07-24 | TMC | Allseas Investments S.A. | 10% | X - OptEx | $0.01 | +11.58M | 45.13M | +35% | +$115.8K |
| DM | 2023-08-15 | 2023-08-01+ | TMC | Allseas Investments S.A. | 10% | P - Purchase | — | +7.65M | 49.28M | +18% | — |
| D | 2023-08-15 | 2023-07-24 | TMC | Allseas Investments S.A. | 10% | X - OptEx | $0.00 | -11.58M | 0 | -100% | $0 |
| D | 2023-08-15 | 2023-08-14 | TMC | Allseas Investments S.A. | 10% | P - Purchase | — | +3.50M | 3.50M | New | — |
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 | 2023-07-24 | X | A | 11,578,620 | $0.01 | 45,130,268 | D | — | — | (F1) These securities are owned by Allseas Group S.A. ("Allseas"). Mr. Edward Heerema, the Administrateur President of Allseas, has sole authority over Allseas. Mr. Heerema, Allseas Investments S.A., ("Allseas Investments"), the majority parent of Allseas, Argentum Cedit Virtuti GCV ("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. |
| 2 | Common | Common Shares | 2023-08-14 | P | A | 3,500,000 | — | 52,780,268 | D | — | — | (F3) On August 14, 2023, Allseas acquired 3,500,000 shares of TMC Common Shares and accompanying Class A Warrants to purchase 1,750,000 shares of TMC Common Shares for a total purchase price of $7 million. (F1) These securities are owned by Allseas Group S.A. ("Allseas"). Mr. Edward Heerema, the Administrateur President of Allseas, has sole authority over Allseas. Mr. Heerema, Allseas Investments S.A., ("Allseas Investments"), the majority parent of Allseas, Argentum Cedit Virtuti GCV ("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. |
| 3 | Common | Common Shares | 2023-08-01 | P | A | 4,150,000 | — | 49,280,268 | D | — | — | (F2) The issuer and Allseas entered into an Exclusive Vessel Use Agreement pursuant to which Allseas allocates the vessel Hidden Gem exclusively in support of the development of the Project Zero Offshore System until the system is completed on December 31, 2026, whichever is earlier. In consideration of the exclusivity term, the issuer will issue to Allseas these securities. (F1) These securities are owned by Allseas Group S.A. ("Allseas"). Mr. Edward Heerema, the Administrateur President of Allseas, has sole authority over Allseas. Mr. Heerema, Allseas Investments S.A., ("Allseas Investments"), the majority parent of Allseas, Argentum Cedit Virtuti GCV ("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. |
| 4 | Derivative | Allseas Warrant (right to buy) | 2023-07-24 | X | D | 11,578,620 | $0.00 | 0 | D | $0.01 · 2022-11-11 to 2026-09-30 | 11,578,620 Common Shares | |
| 5 | Derivative | Class A Warrants (right to buy) | 2023-08-14 | P | A | 3,500,000 | — | 3,500,000 | D | $3.00 · 2023-08-14 to 2027-12-31 | 1,750,000 Common Shares | (F3) On August 14, 2023, Allseas acquired 3,500,000 shares of TMC Common Shares and accompanying Class A Warrants to purchase 1,750,000 shares of TMC Common Shares for a total purchase price of $7 million. |