Form 4 for TMC TMC the metals Co Inc.
Accepted 2023-08-18 00:00:00 ET · period of report 2023-08-16 · accession 0001104659-23-093471 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2023-08-18 | 2023-08-16 | TMC | Karkar Andrei | Dir, 10% | A - Grant | $2.00 | +500.0K | 56.45M | +0.9% | +$1.00M |
| DI | 2023-08-18 | 2023-08-16 | TMC | Karkar Andrei | Dir, 10% | A - Grant | — | +250.0K | 250.0K | 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 | 2023-08-16 | A | A | 500,000 | $2.00 | 56,453,495 | I ERAS Capital LLC | — | — | (F1) Each common share was purchased together with an accompanying Class A warrant to purchase 0.5 of a common share in a registered direct offering directly from the issuer in accordance with Rule 16b-3(d) of the Securities Exchange Act of 1934, as amended, at a combined offering price of $2.00 per common share and accompanying warrant. The Reporting Person has also agreed to purchase an additional 4,500,000 common shares and 2,250,000 Class A warrants in two closings on or before January 31, 2024. (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. |
| 2 | Derivative | Class A Warrants (right to buy) | 2023-08-16 | A | A | 250,000 | — | 250,000 | I ERAS Capital LLC | $3.00 · 2023-08-16 to 2027-12-31 | 250,000 Common Shares | (F1) Each common share was purchased together with an accompanying Class A warrant to purchase 0.5 of a common share in a registered direct offering directly from the issuer in accordance with Rule 16b-3(d) of the Securities Exchange Act of 1934, as amended, at a combined offering price of $2.00 per common share and accompanying warrant. The Reporting Person has also agreed to purchase an additional 4,500,000 common shares and 2,250,000 Class A warrants in two closings on or before January 31, 2024. (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. |