O'Neill Brian Thomas 4

What Happened
Brian O'Neill, a director of Metals Royalty Co. Inc. (TMCR), acquired 10,000 shares on June 1, 2026 at $13.00 per share, a total value of $130,000. The transaction is reported as an award/grant or other acquisition (code A) and was effected as a direct purchase from the issuer in a private placement.

Key Details

• Transaction date: 2026-06-01; Filing date (Form 4): 2026-06-03 (filed within the SEC two-business-day window).
• Price and amount: 10,000 shares at $13.00 each; total $130,000.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: Shares were purchased directly from the issuer in a private placement; transaction is exempt from Section 16(b) under Rule 16b-3(d).
  • F2: Reporting person disclaims beneficial ownership of certain shares except to the extent of any pecuniary interest.
  • F3: Some shares are held by 1351389 B.C. Ltd., of which the reporting person is a control person and may share voting/investment power; the reporting person disclaims beneficial ownership of those shares except to the extent of any pecuniary interest.
• Timeliness: Filing appears timely (reported two days after the transaction).

Context
This filing records an acquisition (award/private placement) rather than a sale. Purchases or direct acquisitions by insiders can be interpreted by investors as more informative than routine sales, but the filing itself contains no explanation of the insider's intent. The transaction was a private placement purchase from the issuer and is treated as exempt under the referenced Rule 16b-3(d).