Tony Giardini - 16 Oct 2025 Form 4 Insider Report for Trilogy Metals Inc. (TMQ)

Role
President & CEO, Director
Signature
/s/ Elaine Sanders as attorney-in-fact for Tony Giardini
Issuer symbol
TMQ
Transactions as of
16 Oct 2025
Net transactions value
+$2,010,886
Form type
4
Filing time
20 Oct 2025, 17:37:53 UTC
Previous filing
10 Mar 2025
Next filing
08 Dec 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Giardini Tony President & CEO, Director C/O TRILOGY METALS INC., SUITE 901, 510 BURRARD STREET, VANCOUVER, BRITISH COLUMBIA, CANADA /s/ Elaine Sanders as attorney-in-fact for Tony Giardini 17 Oct 2025 0001562639

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMQ Common Shares Options Exercise $2,010,886 +1,123,400 +16% $1.79 8,332,060 16 Oct 2025 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TMQ Employee Stock Option (Right to Buy) Options Exercise $0 -223,400 -100% $0.000000 0 16 Oct 2025 Common Shares 223,400 $1.79 Direct F1
transaction TMQ Employee Stock Options (Right to Buy) Options Exercise $0 -900,000 -100% $0.000000 0 16 Oct 2025 Common Shares 900,000 $1.79 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Converted from Canadian exercise price of C$2.52 using an exchange rate of C$1.4048 = $1.00.
F2 The options vested as follows: 1/3 on 12/10/2020; 1/3 on 12/10/2021; 1/3 on 12/10/2022.