GIARDINI TONY exercised options at TRILOGY METALS INC.
Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.
M · 1 exercise
Filed: 12/12/2025ACC: 0000912282-25-001417
+540K
Net shares
Net buyer
$0.00
Total acquired
0
Open market trades
0B · 0S
4
Total transactions
600K acquired · 60K disposed
Non-Derivative Transactions1
Common Shares
Direct
Shares
+60K
Price / share
—
Trade value
—
% of position
0.7%
12/11/2025
8.70M→8.76M
Total
Net shares
+60K
Net value
$0.00
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Shares Direct | 12/11/2025 | M · Option Exercise | +60K | — | — | 0.7% | 8.70M | 8.76M |
| Total | +60K | $0.00 | ||||||
Derivative Transactions3
Employee Stock Option (Right to Buy)
Direct
Converts to
Common Shares
360K shares
Shares
+360K
Strike price
4.61
Held after
360K
Exercisable
—
12/11/2025
Restricted Stock Units
Direct
Converts to
Common Shares
180K shares
Shares
+180K
Strike price
Held after
180K
Exercisable
—
12/11/2025
Restricted Stock Units
Direct
Converts to
Common Shares
60K shares
Shares
−60K
Strike price
Held after
120K
Exercisable
—
12/11/2025
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy) Direct | Common Shares360K shares | 12/11/2025 | A · Award | +360K | 4.61 | — | 360K |
| Restricted Stock Units Direct | Common Shares180K shares | 12/11/2025 | A · Award | +180K | — | 180K | |
| Restricted Stock Units Direct | Common Shares60K shares | 12/11/2025 | M · Option Exercise | −60K | — | 120K |