Trilogy Metals Inc. — Director's Dealing 2022

Jun 2, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Trilogy Metals Inc. (TMQ)
CIK: 0001543418
Period of Report: 2022-06-01

Reporting Person: MADHAVPEDDI KALIDAS V (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-06-01	Common Shares	A	18753	—	Acquired	70962	Direct
2022-06-01	Common Shares	G	18753	—	Disposed	52209	Direct
2022-06-01	Common Shares	G	18753	—	Acquired	348046	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-06-01	Deferred Share Units	$0	A	5209.836	Acquired		Common Stock (5209.836)	Direct

Footnotes

F1: Represents grant of restricted stock units which fully vested and settled on the June 1, 2022 grant date.

F2: Represent bona fide gift transfer of shares to family trust.

F3: The Kalidas and Darlene Madhavpeddi Family Trust dtd 07/27/1998 is a trust established for the benefit of the reporting person's family (the "Trust"). The reporting person is a trustee and a primary beneficiary of the Trust.

F4: Non-discretionary issuances of DSUs pursuant to elections made by plan participants prior to the commencement of the current fiscal year.

F5: The deferred share units vest immediately; however, the underlying common shares will not be issued to the grantee, and the grantee shall not have any voting or dispositive rights with respect to the underlying common shares, until termination of the grantee's employment or services as a director of the Issuer. The grants will expire no later than 90 days after the grantee's termination date.