Allseas Group S.A.'s Form 4 filing
TMC the metals Co Inc. (TMC) · filed Aug 15, 2023
- Accession no.
- 0001104659-23-091965
- Filed
- Aug 15, 2023, 4:16 PM ET
- Trade date
- Jul 24-Aug 14, 2023
- Filing delay
- 22 daysLate
- Rule 10b5-1 plan
- Not checked
This filing lists 3 non-derivative transactions and 2 derivative transactions. It was filed 22 days after the trade, past the 2-business-day deadline.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Allseas Group S.A.CIK 0001884066 | 10% Owner |
| Allseas Investments S.A.CIK 0001956334 | 10% Owner |
| Heerema EdwardCIK 0001956371 | 10% Owner |
| Stichting Administratiekantoor Aequa Lance FoundationCIK 0001956509 | 10% Owner |
| Argentum Cedit Virtuti NVCIK 0001956510 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jul 24, 2023 | Common Shares | XIn-the-money exerciseAcquired | +11,578,620 | $0.01 | +$115,786.2 | 45,130,268 | Direct | |
| Aug 1, 2023 | Common Shares | PPurchaseAcquired | +4,150,000 | –F2 | – | 49,280,268 | Direct | |
| Aug 14, 2023 | Common Shares | PPurchaseAcquired | +3,500,000 | –F3 | – | 52,780,268 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jul 24, 2023 | Common Shares | XIn-the-money exerciseDisposed | −11,578,620 | $0.00 | $0 | 0 | Direct | |
| Aug 14, 2023 | Common Shares | PPurchaseAcquired | +1,750,000 | –F3 | – | 3,500,000 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- 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.
Referenced by the price of 1 transaction in Table I.
- 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.
Referenced by the price of 1 transaction in Table I and 1 transaction in Table II.