Form 4 for TMC TMC the metals Co Inc.
Accepted 2021-09-10 00:00:00 ET · period of report 2021-09-09 · accession 0001213900-21-047507 · 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 | 2021-09-10 | 2021-09-09 | TMC | Sustainable Opportunities Holdings LLC | Former 10% holder | M - OptEx | — | +7.41M | 7.41M | New | — |
| D | 2021-09-10 | 2021-09-09 | TMC | Sustainable Opportunities Holdings LLC | Former 10% holder | D - Sale to Iss | — | -741.0K | 6.67M | -10% | — |
| D | 2021-09-10 | 2021-09-09 | TMC | Sustainable Opportunities Holdings LLC | Former 10% holder | J - Other | — | +9.50M | 9.50M | New | — |
| DM | 2021-09-10 | 2021-09-09 | TMC | Sustainable Opportunities Holdings LLC | Former 10% holder | A - Grant | — | +1.24M | 500.0K | New | — |
| D | 2021-09-10 | 2021-09-09 | TMC | Sustainable Opportunities Holdings LLC | Former 10% holder | M - OptEx | — | -7.41M | 0 | -100% | — |
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 | 2021-09-09 | M | A | 7,410,000 | — | 7,410,000 | D | — | — | (F1) On September 9, 2021, Sustainable Opportunities Acquisition Corp. (the former name of the Issuer), consummated its initial business combination (the "Business Combination") with DeepGreen Metals Inc. In connection with the Business Combination, each Class B ordinary share automatically converted into one common share on a one-for-one basis. |
| 2 | Common | Common Shares | 2021-09-09 | D | D | 741,000 | — | 6,669,000 | D | — | — | (F2) In connection with the Business Combination, the Reporting Person exchanged 741,000 common shares for Class I Special Shares and Class J Special Shares, each of which is automatically convertible into common shares on a one-for-one basis if the common shares trade for at least $50.00 per share, in the case of the Class I Special Shares, or $12.00 per share, in the case of the Class J Sponsor Shares, in each case on any twenty trading days in any thirty trading day period or in the event of certain changes of control. |
| 3 | Derivative | Warrants to purchase Common Shares | 2021-09-09 | J | A | 9,500,000 | — | 9,500,000 | D | $11.50 · — to — | 9,500,000 Common Shares | (F3) Pursuant to the private placement warrant purchase agreement between the Reporting Person and the Issuer, dated as of May 5, 2020, the Reporting Person purchased an aggregate of 9,500,000 private placement warrants to purchase Class A ordinary shares on a one-for-one basis. In connection with the Business Combination, the private placement warrants became exercisable for common shares on a one-for-one basis at a price of $11.50 per share. The private placement warrants may be exercised only during the period commencing 30 days after completion of the Business Combination and expire five years after the completion of the Business Combination or earlier upon redemption or liquidation. |
| 4 | Derivative | Class J Special Shares | 2021-09-09 | A | A | 741,000 | — | 741,000 | D | — · — to — | 741,000 Common Shares | (F2) In connection with the Business Combination, the Reporting Person exchanged 741,000 common shares for Class I Special Shares and Class J Special Shares, each of which is automatically convertible into common shares on a one-for-one basis if the common shares trade for at least $50.00 per share, in the case of the Class I Special Shares, or $12.00 per share, in the case of the Class J Sponsor Shares, in each case on any twenty trading days in any thirty trading day period or in the event of certain changes of control. |
| 5 | Derivative | Class B ordinary shares | 2021-09-09 | M | D | 7,410,000 | — | 0 | D | — · — to — | 7,410,000 Class A ordinary shares | (F1) On September 9, 2021, Sustainable Opportunities Acquisition Corp. (the former name of the Issuer), consummated its initial business combination (the "Business Combination") with DeepGreen Metals Inc. In connection with the Business Combination, each Class B ordinary share automatically converted into one common share on a one-for-one basis. |
| 6 | Derivative | Class I Special Shares | 2021-09-09 | A | A | 500,000 | — | 500,000 | D | — · — to — | 500,000 Common Shares | (F2) In connection with the Business Combination, the Reporting Person exchanged 741,000 common shares for Class I Special Shares and Class J Special Shares, each of which is automatically convertible into common shares on a one-for-one basis if the common shares trade for at least $50.00 per share, in the case of the Class I Special Shares, or $12.00 per share, in the case of the Class J Sponsor Shares, in each case on any twenty trading days in any thirty trading day period or in the event of certain changes of control. |