Andrei Karkar - Jan 30, 2024 Form 4 Insider Report for TMC the metals Co Inc. (TMC)

Role: Director, 10%+ Owner
Signature: /s/ Ryan Coombes, General Counsel
Stock symbol: TMC
Transactions as of: Jan 30, 2024
Transactions value $: $9,000,000
Form type: 4
Date filed: 3/4/2024, 09:38 PM
Previous filing: Aug 18, 2023
Next filing: Mar 18, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TMC	Common Shares	Award	$9M	+4.5M	+7.97%	$2.00	61M	Jan 30, 2024	ERAS Capital LLC	F1, F2
holding	TMC	Common Shares						76.1K	Jan 30, 2024	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	TMC	Class A Warrants (right to buy)	Award		+2.25M			2.25M	Jan 30, 2024	Common Shares	2.25M	$3.00	ERAS Capital LLC	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each common share was purchased together with an accompanying Class A warrant to purchase 0.5 of a common share in a registered direct offering directly from the issuer in accordance with Rule 16b-3(d) of the Securities Exchange Act of 1934, as amended, at a combined offering price of $2.00 per common share and accompanying warrant.
F2	The securities are held directly by ERAS Capital LLC ("ERAS"). Andrei Karkar is the managing member of ERAS and shares voting and dispositive power over and may be deemed to beneficially own such securities held by ERAS. Andrei Karkar disclaims beneficial ownership over any securities owned by ERAS other than to the extent of any pecuniary interest he may have therein.