Form 4: TMC the metals Co Inc.: Officer Anthony O'Sullivan Sells 50,000 Shares
SEC Form 4 Filing
Anthony O'Sullivan, Chief Development Officer of TMC the metals Co Inc., sold 50,000 common shares at an average price of $1.3348 on March 28, 2024.
Summary
- On March 28, 2024, Anthony O'Sullivan, the Chief Development Officer of TMC the metals Co Inc., sold 50,000 common shares.
- The shares were sold at an average price of $1.3348 per share.
- Following the transaction, O'Sullivan directly owns 946,829 common shares.
- O'Sullivan also indirectly owns 385,110 common shares through JOZEM Pty Ltd., Trustee of the O'Sullivan Family Trust No. 1.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of an insider share sale. The sentiment is neither particularly positive nor negative as it's a routine filing.
Industry Context
This is a standard SEC Form 4 filing, reporting a change in beneficial ownership by a company insider. Such filings are common and provide transparency into the trading activities of company executives.
Stakeholder Impact
- The sale of shares by a company officer could be perceived negatively by some shareholders, although it is a relatively small transaction.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of the transaction: Anthony O'Sullivan sold 50,000 common shares. |
| 04/01/2024 | Date of signature by Ryan Coombes, General Counsel. |
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