Form 4: TMC the metals Co Inc.: Chief Development Officer Sells Shares to Cover Tax Obligations

Anthony O'Sullivan, Chief Development Officer of TMC the metals Co Inc., sold a portion of his common shares to cover income tax obligations associated with equity awards.

Summary

• On May 29, 2024, Anthony O'Sullivan, the Chief Development Officer of TMC the metals Co Inc., sold 25,000 common shares at an average price of $1.5358.
• On May 30, 2024, O'Sullivan sold another 25,000 common shares at an average price of $1.4915.
• On May 31, 2024, O'Sullivan sold 50,000 common shares at an average price of $1.4822.
• These sales were made to cover income tax associated with equity awards granted to O'Sullivan by the company.
• Following these transactions, O'Sullivan directly owns 746,829 common shares and indirectly owns 385,110 common shares through JOZEM Pty Ltd., Trustee of the O'Sullivan Family Trust No. 1.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating routine transactions. The sales are related to tax obligations, which is a neutral event.

Industry Context

Sales of shares by company officers are a routine part of equity compensation and personal financial management. It is important to consider the size of the sale relative to the officer's total holdings.

Stakeholder Impact

• The sale of shares by a company officer could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect.

Key Dates