Form 4: TMC the metals Co Inc.: Chief Ocean Scientist Stone Gregory Reports Changes in Beneficial Ownership

Gregory Stone, Chief Ocean Scientist of TMC the metals Co Inc., reports the acquisition and disposal of common shares and restricted stock units.

Summary

• Gregory Stone, the Chief Ocean Scientist of TMC the metals Co Inc., filed a Form 4 detailing changes in beneficial ownership.
• On September 28, 2023, Stone disposed of 14,489 common shares at an average price of $1.0026.
• On December 4, 2023, Stone disposed of 25,000 common shares at an average price of $1.1624.
• On December 22, 2023, Stone disposed of 25,000 common shares at an average price of $1.0957.
• On March 20, 2024, Stone acquired 12,414 restricted stock units (RSUs) at $0.00, which vested upon issuance as part of the Issuer's short-term incentive plan.
• Following these transactions, Stone directly owns 333,290 common shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While there were disposals of shares, there was also an acquisition of RSUs. The disposals could be for personal financial reasons and do not necessarily indicate a negative outlook on the company.

Positives

• The acquisition of 12,414 restricted stock units (RSUs) on March 20, 2024, indicates continued participation in the company's incentive plans.

Negatives

• Gregory Stone disposed of a total of 64,489 common shares between September 2023 and December 2023.

Risks

• Continued selling of shares by insiders could be perceived negatively by the market.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, allowing investors to gauge management's sentiment and confidence in the company's prospects.

Stakeholder Impact

• Shareholders may interpret the insider selling as a lack of confidence, potentially impacting the stock price.

Key Dates