Tony Giardini - Jan 25, 2024 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
Jan 25, 2024
Transactions value $
$0
Form type
4
Date filed
1/26/2024, 05:01 PM
Previous filing
Dec 11, 2023
Next filing
Mar 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMQ Common Shares Options Exercise +61.8K +1.34% 4.66M Jan 25, 2024 Direct F1
transaction TMQ Common Shares Options Exercise +400K +8.59% 5.06M Jan 25, 2024 Direct F1

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 Restricted Stock Units Options Exercise $0 -61.8K -100% $0.00* 0 Jan 25, 2024 Common Shares 61.8K Direct F1, F2
transaction TMQ Restricted Stock Units Options Exercise $0 -400K -50% $0.00 400K Jan 25, 2024 Common Shares 400K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F2 Represents grant of RSUs on December 9, 2021, which vest as follows: 1/3 on December 9, 2021; 1/3 on December 9, 2022; and 1/3 on December 9, 2023. Settlement of vested RSUs will occur as soon as practicable following vesting.
F3 Represents grant of RSUs on December 8, 2022, which vest as follows: 1/3 on December 8, 2022; 1/3 on December 8, 2023; and 1/3 on December 8, 2024. Settlement of vested RSUs will occur as soon as practicable following vesting.