Tony Giardini - Dec 7, 2023 Form 4 Insider Report for Trilogy Metals Inc. (TMQ)

Role
President & CEO, Director
Signature
/s/ Elaine Sanders as attorney-in-fact for Tony Giardini
Stock symbol
TMQ
Transactions as of
Dec 7, 2023
Transactions value $
$0
Form type
4
Date filed
12/11/2023, 06:39 PM
Previous filing
Dec 4, 2023
Next filing
Jan 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMQ Common Shares Award $0 +811K +23.71% $0.00 4.23M Dec 7, 2023 Direct F1
transaction TMQ Common Shares Options Exercise $0 +367K +8.67% $0.00 4.6M Dec 7, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TMQ Employee Stock Option Award $0 +1.1M $0.00 1.1M Dec 7, 2023 Common Shares 1.1M $0.43 Direct F2, F3
transaction TMQ Restricted Stock Units Award $0 +1.1M $0.00 1.1M Dec 7, 2023 Common Shares 1.1M Direct F4, F5
transaction TMQ Restricted Stock Units Options Exercise $0 -367K -33.33% $0.00 733K Dec 7, 2023 Common Shares 367K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents grant of restricted stock units which fully vest on December 7, 2023.
F2 The option exercise price was converted from the Canadian exercise price of C$0.59 using an exchange rate of C$1.3597 = US$1.00.
F3 The options vest as follows: 1/3 immediately; 1/3 on December 7, 2024; and 1/3 on December 7, 2025.
F4 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F5 The RSUs vest as follows: 1/3 immediately; 1/3 on December 7, 2024; and 1/3 on December 7, 2025.