Company: TMCWW
Filing Date: 2025-04-18
Form Type: DEF 14A
Source: 0001104659-25-036264
Chunk: 15

Company: TMC the metals Co Inc.
Filing Date: 2025-04-18
Form: DEF 14A
Chunk 15
---
 common shares underlying restricted share units that may vest within 60 days of April 3, 2025, (iv) 60,953,495 common shares held by ERAS Capital LLC (“ERAS”), (v) 1,414,716 common shares underlying warrants held by ERAS and (vi) 2,500,000 common shares underlying Class A Warrants held by ERAS. Does not include 126,407 common shares underlying options that are not exercisable. The Class A Warrants held by ERAS do not allow for an exercise that would result in the holder of such warrants (together with its affiliates, any “group” or any other persons whose beneficial ownership could be aggregated with the holder) would beneficially own more than 19.99% of the number of common shares outstanding immediately following exercise. Mr. Karkar has voting and dispositive control over the securities held by ERAS and therefore Mr. Karkar may be deemed to have beneficial ownership of the shares held by ERAS. (9) Consists of (i) 220,966 common shares held by Ms. Siamomua and (ii) 68,027 common shares underlying restricted share units that may vest within 60 days of April 3, 2025. (10) Consists of (i) 1,591,487 common shares held by Ms. Ilves, (ii) 1,362,077 common shares underlying options that are exercisable within 60 days of April 3, 2025 held by Ms. Ilves, and (iii) 30,682 common shares held of record by Ms. Ilves’ children. Does not include (i) 1,011,259 common shares underlying options that are not exercisable within 60 days of April 3, 2025 and (ii) 1,145,790 common shares underlying restricted share units that do not vest within 60 days of April 3, 2025 held by Ms. Ilves. (11) Consists of (i) 700,000 common shares held by Mr. Jurvetson and (ii) 1,146,667 common shares underlying options that are exercisable within 60 days of April 3, 2025. Does not include 2,293,333 common shares underlying unvested options granted to Mr. Jurvetson on April 9, 2025. (12) Consists of (i) 176