Stephen T. Jurvetson - Apr 9, 2024 Form 4 Insider Report for TMC the metals Co Inc. (TMC)

Role: Director
Signature: /s/ Ryan Coombes, General Counsel
Stock symbol: TMC
Transactions as of: Apr 9, 2024
Transactions value $: $0
Form type: 4
Date filed: 4/11/2024, 06:17 PM

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	Stock Option (right to buy)	Award	$0	+3.44M		$0.00	3.44M	Apr 9, 2024	Common Shares	3.44M	$1.71	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Pursuant to the consulting agreement entered into between the Issuer and the reporting person, the reporting person was granted stock options under the Issuer's 2021 Incentive Equity Plan, which will vest over a three year period as follows, subject to continued service through each vesting date: 1/3 on the first anniversary of April 9, 2024 (the "Grant Date"), 1/3 on the second anniversary of the Grant Date and 1/3 on the third anniversary of the Grant Date. The term of the stock option is seven years from the Grant Date.

Content

Pursuant to the consulting agreement entered into between the Issuer and the reporting person, the reporting person was granted stock options under the Issuer's 2021 Incentive Equity Plan, which will vest over a three year period as follows, subject to continued service through each vesting date: 1/3 on the first anniversary of April 9, 2024 (the "Grant Date"), 1/3 on the second anniversary of the Grant Date and 1/3 on the third anniversary of the Grant Date. The term of the stock option is seven years from the Grant Date.