July 1, 2026 · Form 4 insider transaction
Allseas Group S.A. bought 7,305,567 shares of TMC the metals company Inc., a transaction worth N/A. The trade was recorded as open-market purchase and disclosed on an SEC Form 4, filed 6 days after the transaction.
On July 1, 2026, Allseas acquired 7,305,567 common shares, pursuant to a Contract for Development Work and Commercial Production, by and between a wholly owned subsidiary of Allseas and TMC, dated May 11, 2026 and effective as of March 30, 2026, under which TMC is required to issue Allseas common shares of TMC in accordance with the commercial arrangement under the agreement. The common shares of TMC were issued at a price of $4.66 per common share.; These securities are owned by Allseas Group S.A. ("Allseas"). Mr. Edward Heerema has sole authority over Allseas. Mr. Heerema, Allseas Investments S.A., ("Allseas Investments"), the majority parent of Allseas, Argentum Cedit Virtuti NV ("ACV"), the parent of Allseas Investments, and Stichting Administratiekantoor Aequa Lance Foundation, the parent of ACV, may be deemed to have beneficial ownership of the shares owned by Allseas. Each of Mr. Heerema, Allseas Investments, ACV and Stichting Administratiekantoor Aequa Lance Foundation disclaims beneficial ownership over any securities directly held by Allseas, except to the extent of his or its respective pecuniary interest therein.