Form 4: TMC the metals Co Inc.: Director Andrei Karkar Reports Share Transactions

Director Andrei Karkar reports acquisition and disposal of common shares and restricted stock units (RSUs) in TMC the metals Co Inc.

Summary

• Andrei Karkar, a director and 10% owner of TMC the metals Co Inc., reported transactions involving the company's common shares.
• On May 31, 2023, Karkar acquired 144,907 common shares at $0.00, and on May 31, 2024, he acquired 68,027 common shares at $0.00.
• These shares were granted as restricted stock units (RSUs) under the company's 2021 Equity Incentive Plan.
• The RSUs granted in 2023 vested on May 30, 2024, the date of the Issuer's 2024 annual meeting of shareholders.
• The RSUs granted in 2024 shall vest on the date of the Issuer's 2025 annual meeting of shareholders, subject to the Reporting Person's continued service through the vesting date.
• Karkar also reported indirect ownership of 60,953,495 common shares through ERAS Capital LLC, where he is the managing member.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.

Positives

• The vesting of RSUs indicates continued alignment of director compensation with shareholder interests.

Future Outlook

The vesting of future RSUs is contingent upon the director's continued service with the company.

Industry Context

This filing is a routine disclosure related to executive compensation and ownership, common in publicly traded companies.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership.

Key Dates