Shesky Craig 4
4 · TMC the metals Co Inc. · Filed Mar 26, 2026
Research Summary
AI-generated summary of this filing
TMC (TMC) CFO Craig Shesky Sells Shares
What Happened
- Craig Shesky, Chief Financial Officer of TMC the Metals Co. (TMC), reported three open-market sales (dispositions) of company common stock to cover tax withholding on vested restricted stock units. The insider sold 51,941 shares on 2026-03-24 for an average price of $4.74 ($246,096), 78,186 shares on 2026-03-25 for an average $4.58 ($358,248), and 215,492 shares on 2026-03-26 for an average $4.53 ($976,825). Total shares sold: 345,619 for approximately $1,581,169. These were sell-to-cover transactions tied to RSU vesting and were not discretionary trades.
Key Details
- Transaction dates and average prices:
- 2026-03-24: 51,941 shares @ $4.74 — $246,096 (price range reported: $4.67–$4.88)
- 2026-03-25: 78,186 shares @ $4.58 — $358,248 (price range reported: $4.47–$4.85)
- 2026-03-26: 215,492 shares @ $4.53 — $976,825 (price range reported: $4.40–$4.61)
- Total proceeds ≈ $1.58 million; total shares sold = 345,619.
- Footnote: Sales were automatic "sell-to-cover" to satisfy tax withholding for RSUs granted March 20, 2023/2024/2025 and previously reported — not a discretionary sale (F1).
- Price notes: reported averages with ranges; the filer will provide per-transaction price details on request (F2–F4).
- Filing: Form 4 filed 2026-03-26 reporting transactions from 2026-03-24 to 2026-03-26; filing appears timely based on the reported dates.
- Shares owned after the transactions: not specified in the provided excerpt of the Form 4.
Context
- Sell-to-cover transactions are routine tax-withholding sales tied to equity compensation vesting and do not necessarily indicate an insider's buy/sell view of the company. For retail investors, purchases usually carry more informational weight than automatic sales.
Insider Transaction Report
Form 4
Shesky Craig
Chief Financial Officer
Transactions
- Sale
Common Shares
[F1][F2]2026-03-24$4.74/sh−51,941$246,096→ 1,719,519 total - Sale
Common Shares
[F1][F3]2026-03-25$4.58/sh−78,186$358,248→ 1,641,333 total - Sale
Common Shares
[F1][F4]2026-03-26$4.53/sh−215,492$976,825→ 1,425,841 total
Footnotes (4)
- [F1]The sales reported in this Form 4 were effected to cover tax withholding obligations in connection with the vesting of restricted stock units that were granted to the Reporting Person under the Issuer's long-term incentive plan on March 20, 2023, March 20, 2024 and March 20, 2025 and previously reported by the Reporting Person on the Statement of Changes in Beneficial Ownership of Securities on Form 4 filed on March 24, 2026 pursuant to an automatic "sell to cover" transaction and do not represent a discretionary transaction by the Reporting Person.
- [F2]The price reflects the average selling price of the common shares sold. These common shares were sold in multiple transactions at prices ranging from $4.67 to $4.88 per common share. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of common shares sold at each price.
- [F3]The price reflects the average selling price of the common shares sold. These common shares were sold in multiple transactions at prices ranging from $4.47 to $4.85 per common share. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of common shares sold at each price.
- [F4]The price reflects the average selling price of the common shares sold. These common shares were sold in multiple transactions at prices ranging from $4.40 to $4.61 per common share. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of common shares sold at each price.
Signature
/s/ Michelle Ancosky, Attorney-In-Fact|2026-03-26