SCHEDULE: Insider Discloses 5.4% Stake in TMC the metals Co Inc.
Beneficial Ownership Disclosure
William George Brumder II has reported a 5.4% beneficial ownership stake in TMC the metals Co Inc., primarily through common shares, warrants, and call options.
Summary
- William George Brumder II beneficially owns 21,992,781 common shares of TMC the metals Co Inc.
- This ownership represents approximately 5.4% of the company's total outstanding common shares.
- The beneficial ownership includes 2,000,000 common shares underlying exchange-traded warrants.
- It also includes 2,492,200 common shares underlying call options exercisable within 60 days of the filing date.
- The warrants are exercisable at $11.50 per common share and expire on September 9, 2026.
- The percentage of class is calculated based on 408,392,921 common shares outstanding, which includes 406,392,921 shares as of August 13, 2025, plus the 2,000,000 shares underlying Mr. Brumder's warrants.
- The securities were not acquired or held for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the company's performance or outlook.
Positives
- William George Brumder II has disclosed a significant beneficial ownership stake of 5.4% in TMC the metals Co Inc., totaling 21,992,781 common shares, which can signal investor confidence.
- A substantial portion of this ownership, 2,492,200 shares, is through call options exercisable within 60 days, indicating potential near-term conversion to direct equity.
- The reporting person certified that the securities were not acquired or held for the purpose of changing or influencing control of the issuer, suggesting a passive investment intent.
Future Outlook
This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance from the company.
Management Comments
- William George Brumder II certified that, to the best of his knowledge and belief, the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.
Industry Context
TMC the metals Co Inc. operates in the metals industry, likely focusing on resource extraction or related activities, given its name and the nature of its business combination with DeepGreen Metals Inc.
Stakeholder Impact
- Shareholders may view the significant beneficial ownership by an individual as a sign of confidence in the company's future prospects and stability.
Key Dates
| Date | Description |
|---|---|
| 09/09/2021 | Consummation of the combination between the Issuer and DeepGreen Metals Inc., after which warrants became exercisable 30 days later. |
| 08/13/2025 | Date for 406,392,921 Common Shares outstanding as disclosed in the Issuer's Quarterly Report on Form 10-Q. |
| 08/14/2025 | Date the Issuer's Quarterly Report on Form 10-Q was filed with the Securities and Exchange Commission. |
| 09/16/2025 | Date of event which required the filing of this statement. |
| 09/24/2025 | Date the Schedule 13G statement was signed and filed. |
| 09/09/2026 | Expiration date for the exchange-traded warrants. |
Keywords
TMC the metals Co Inc., TMC, William George Brumder II, Schedule 13G, beneficial ownership, common shares, warrants, call options, deep-sea mining
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