Shesky Craig 4

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.