Andrei Karkar - 12 Aug 2022 Form 4 Insider Report for TMC the metals Co Inc. (TMC)

Role
Director, 10%+ Owner
Signature
/s/ Jeffrey Cohan, Attorney-in-Fact
Issuer symbol
TMC
Transactions as of
12 Aug 2022
Transactions value $
$5,000,000
Form type
4
Filing time
16 Aug 2022, 20:43:33 UTC
Previous filing
16 Aug 2022
Next filing
04 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMC Common Shares Purchase $5M +6.25M +13.67% $0.80 52M 12 Aug 2022 Eras Capital LLC F1, F2
holding TMC Common Shares 76.1K 12 Aug 2022 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents common shares issuable to ERAS Capital LLC ("ERAS"), pursuant to a securities purchase agreement, dated as of August 12, 2022, with the Issuer, a copy of which was filed as Exhibit 10.3 to the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on August 15, 2022, at a closing to be held pursuant to such securities purchase agreement this quarter.
F2 The securities are held directly by ERAS. Andrei Karkar is the managing member of ERAS and shares voting and dispositive power over and may be deemed to beneficially own such securities held by ERAS. Andrei Karkar disclaims beneficial ownership over any securities owned by ERAS other than to the extent of any pecuniary interest he may have therein.