Trilogy Metals Inc. — Director's Dealing 2021

Oct 15, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Trilogy Metals Inc. (TMQ)
CIK: 0001543418
Period of Report: 2021-10-14

Reporting Person: Sanders Elaine (VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-10-14	Common Shares	M	125000	$0.57	Acquired	1601874	Direct
2021-10-14	Common Shares	S	25000	$2.00	Disposed	1576874	Direct
2021-10-14	Common Shares	S	100000	$2.10	Disposed	1476874	Direct
2021-10-15	Common Shares	M	75000	$0.57	Acquired	1551874	Direct
2021-10-15	Common Shares	S	25000	$2.20	Disposed	1526874	Direct
2021-10-15	Common Shares	S	50000	$2.21	Disposed	1476874	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-10-14	Employee Stock Option (Right to Buy)	$0.57	M	125000	Disposed	2021-12-14	Common Shares (125000)	Direct
2021-10-15	Employee Stock Option (Right to Buy)	$0.57	M	75000	Disposed	2021-12-14	Common Shares (75000)	Direct

Footnotes

F1: Converted from Canadian exercise price of C$0.70 using an exchange rate of C$1.2372 = US$1.00.

F2: The options were granted on 12/15/2016 and vested in three equal installments on December 15, 2016, December 15, 2017 and December 15, 2018.