ILVES Erika's Form 4 filing
TMC the metals Co Inc. (TMC) · filed Sep 24, 2025
- Accession no.
- 0001104659-25-093050
- Filed
- Sep 24, 2025
- Trade date
- Sep 22-24, 2025
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 5 non-derivative transactions and 11 derivative transactions. Open-market sales total $9.18M. It was filed 2 days after the trade.
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 |
|---|---|
| ILVES ErikaCIK 0001878778 | Officer (Chief Strategy Officer) |
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 |
|---|---|---|---|---|---|---|---|---|
| Sep 22, 2025 | Common Shares | SSaleDisposed | −1,591,485 | $5.77F1 | −$9,182,868.45 | 1,145,792 | Direct | |
| Sep 23, 2025 | Common Shares | AGrant or awardAcquired | +2,000,000 | $0.00 | $0 | 3,145,792 | Direct | |
| Sep 24, 2025 | Common Shares | MOption exerciseAcquired | +1,099,968 | $0.65 | +$714,979.2 | 4,245,760 | Direct | |
| Sep 24, 2025 | Common Shares | MOption exerciseAcquired | +262,109 | $0.65 | +$170,370.85 | 4,507,869 | Direct | |
| Sep 24, 2025 | Common Shares | MOption exerciseAcquired | +252,815 | $0.65 | +$164,329.75 | 4,760,684 | 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 |
|---|---|---|---|---|---|---|---|---|
| Sep 24, 2025 | Common Shares | MOption exerciseDisposed | −1,099,968 | –F8 | – | 0 | Direct | |
| Sep 24, 2025 | Common Shares | MOption exerciseDisposed | −262,109 | –F8 | – | 0 | Direct | |
| Sep 24, 2025 | Common Shares | MOption exerciseDisposed | −252,815 | –F8 | – | 758,444 | Direct | |
| Sep 24, 2025 | Common Shares | MOption exerciseAcquired | +35,233 | –F14 | – | 39,970 | Direct | |
| Sep 24, 2025 | Common Shares | MOption exerciseAcquired | +70,468 | –F14 | – | 79,941 | Direct | |
| Sep 24, 2025 | Common Shares | MOption exerciseAcquired | +70,468 | –F14 | – | 79,941 | Direct | |
| Sep 24, 2025 | Common Shares | MOption exerciseAcquired | +140,937 | –F14 | – | 159,884 | Direct | |
| Sep 24, 2025 | Common Shares | MOption exerciseAcquired | +140,937 | –F14 | – | 159,884 | Direct | |
| Sep 24, 2025 | Common Shares | MOption exerciseAcquired | +140,937 | –F14 | – | 159,884 | Direct | |
| Sep 24, 2025 | Common Shares | MOption exerciseAcquired | +176,172 | –F14 | – | 199,855 | Direct | |
| Sep 24, 2025 | Common Shares | MOption exerciseAcquired | +176,172 | –F14 | – | 199,855 | 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.
- F1
The price reflects the average selling price of the common shares sold. These common shares were sold in multiple transactions at prices ranging from $5.68 to $5.91 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.
Referenced by the price of 1 transaction in Table I.
- F8
Received by the Reporting Person in connection with the September 9, 2021 business combination transaction as described in the Form 4 submitted by the Reporting Person on September 13, 2021.
Referenced by the price of 3 transactions in Table II.
- F14
Each of the Class A Special Shares, the Class B Special Shares, the Class C Special Shares, the Class D Special Shares, the Class E Special Shares, the Class F Special Shares, the Class G Special Shares and the Class H Special Shares automatically convert into common shares on a one for one basis, if on any twenty trading days within any thirty trading day period, the common shares trade for a price that is greater than or equal to the price threshold for such class of Special Shares (the "Price Threshold") described below, or in the event of certain changes of control. The Price Thresholds for the Special Shares are as follows: Class A Special Shares ($15.00), Class B Special Shares ($25.00), Class C Special Shares ($35.00), Class D Special Shares ($50.00), Class E Special Shares ($75.00), Class F Special Shares ($100.00), Class G Special Shares ($150.00), and Class H Special Shares ($200.00).
Referenced by the price of 8 transactions in Table II.