TMC

SEC source: 0001104659-23-093478 · tm2324107-4_4seq1.xml · derivative · entry 2

Khama Sheila · CIK 0001878814 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,250

Underlying: Common Shares · 1,250 shares

Expires 2027-12-31

F1 · price: Each common share was purchased together with an accompanying Class A Warrant to purchase 0.5 of a common share in a registered direct offering directly from the issuer in accordance with Rule 16b-3(d) of the Securities Exchange Act of 1934, as amended, at a combined offering price of $2.00 per common share and accompanying warrant.

SEC source: 0001104659-23-093478 · tm2324107-4_4seq1.xml · nonDerivative · entry 1

Khama Sheila · CIK 0001878814 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 78,559

F1 · shares: Each common share was purchased together with an accompanying Class A Warrant to purchase 0.5 of a common share in a registered direct offering directly from the issuer in accordance with Rule 16b-3(d) of the Securities Exchange Act of 1934, as amended, at a combined offering price of $2.00 per common share and accompanying warrant.

F1 · price: Each common share was purchased together with an accompanying Class A Warrant to purchase 0.5 of a common share in a registered direct offering directly from the issuer in accordance with Rule 16b-3(d) of the Securities Exchange Act of 1934, as amended, at a combined offering price of $2.00 per common share and accompanying warrant.

SEC source: 0001104659-23-093467 · tm2324107-1_4seq1.xml · derivative · entry 2

Barron Gerard · CIK 0001878772 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 50,000

Underlying: Common Shares · 50,000 shares

Expires 2027-12-31

F1 · price: Each common share was purchased together with an accompanying Class A Warrant to purchase 0.5 of a common share in a registered direct offering directly from the issuer in accordance with Rule 16b-3(d) of the Securities Exchange Act of 1934, as amended, at a combined offering price of $2.00 per common share and accompanying warrant.

SEC source: 0001104659-23-093467 · tm2324107-1_4seq1.xml · nonDerivative · entry 1

Barron Gerard · CIK 0001878772 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 17,419,616

F1 · shares: Each common share was purchased together with an accompanying Class A Warrant to purchase 0.5 of a common share in a registered direct offering directly from the issuer in accordance with Rule 16b-3(d) of the Securities Exchange Act of 1934, as amended, at a combined offering price of $2.00 per common share and accompanying warrant.

F1 · price: Each common share was purchased together with an accompanying Class A Warrant to purchase 0.5 of a common share in a registered direct offering directly from the issuer in accordance with Rule 16b-3(d) of the Securities Exchange Act of 1934, as amended, at a combined offering price of $2.00 per common share and accompanying warrant.

SEC source: 0001104659-23-093482 · tm2324107-5_4seq1.xml · derivative · entry 2

McAllister Kathleen S · CIK 0001614884 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,500

Underlying: Common Shares · 2,500 shares

Expires 2027-12-31

F1 · price: Each common share was purchased together with an accompanying Class A Warrant to purchase 0.5 of a common share in a registered direct offering directly from the issuer in accordance with Rule 16b-3(d) of the Securities Exchange Act of 1934, as amended, at a combined offering price of $2.00 per common share and accompanying warrant.

SEC source: 0001104659-23-093482 · tm2324107-5_4seq1.xml · nonDerivative · entry 1

McAllister Kathleen S · CIK 0001614884 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 137,543

F1 · shares: Each common share was purchased together with an accompanying Class A Warrant to purchase 0.5 of a common share in a registered direct offering directly from the issuer in accordance with Rule 16b-3(d) of the Securities Exchange Act of 1934, as amended, at a combined offering price of $2.00 per common share and accompanying warrant.

F1 · price: Each common share was purchased together with an accompanying Class A Warrant to purchase 0.5 of a common share in a registered direct offering directly from the issuer in accordance with Rule 16b-3(d) of the Securities Exchange Act of 1934, as amended, at a combined offering price of $2.00 per common share and accompanying warrant.

SEC source: 0001104659-23-091965 · tm2323842-2_4seq1.xml · derivative · entry 6

Allseas Group S.A. · CIK 0001884066 · 10% owner

Allseas Investments S.A. · CIK 0001956334 · 10% owner

Heerema Edward · CIK 0001956371 · 10% owner

Argentum Cedit Virtuti GCV · CIK 0001956510 · 10% owner

Stichting Administratiekantoor Aequa Lance Foundation · CIK 0001956509 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,500,000

Underlying: Common Shares · 1,750,000 shares

Expires 2027-12-31

F3 · price: On August 14, 2023, Allseas acquired 3,500,000 shares of TMC Common Shares and accompanying Class A Warrants to purchase 1,750,000 shares of TMC Common Shares for a total purchase price of $7 million.

SEC source: 0001104659-23-091965 · tm2323842-2_4seq1.xml · nonDerivative · entry 3

Allseas Group S.A. · CIK 0001884066 · 10% owner

Allseas Investments S.A. · CIK 0001956334 · 10% owner

Heerema Edward · CIK 0001956371 · 10% owner

Argentum Cedit Virtuti GCV · CIK 0001956510 · 10% owner

Stichting Administratiekantoor Aequa Lance Foundation · CIK 0001956509 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 52,780,268

F3 · price: On August 14, 2023, Allseas acquired 3,500,000 shares of TMC Common Shares and accompanying Class A Warrants to purchase 1,750,000 shares of TMC Common Shares for a total purchase price of $7 million.

F1 · ownership.direct: These securities are owned by Allseas Group S.A. ("Allseas"). Mr. Edward Heerema, the Administrateur President of Allseas, has sole authority over Allseas. Mr. Heerema, Allseas Investments S.A., ("Allseas Investments"), the majority parent of Allseas, Argentum Cedit Virtuti GCV ("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.

SEC source: 0001104659-23-091965 · tm2323842-2_4seq1.xml · nonDerivative · entry 2

Allseas Group S.A. · CIK 0001884066 · 10% owner

Allseas Investments S.A. · CIK 0001956334 · 10% owner

Heerema Edward · CIK 0001956371 · 10% owner

Argentum Cedit Virtuti GCV · CIK 0001956510 · 10% owner

Stichting Administratiekantoor Aequa Lance Foundation · CIK 0001956509 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 49,280,268

F2 · price: The issuer and Allseas entered into an Exclusive Vessel Use Agreement pursuant to which Allseas allocates the vessel Hidden Gem exclusively in support of the development of the Project Zero Offshore System until the system is completed on December 31, 2026, whichever is earlier. In consideration of the exclusivity term, the issuer will issue to Allseas these securities.

F1 · ownership.direct: These securities are owned by Allseas Group S.A. ("Allseas"). Mr. Edward Heerema, the Administrateur President of Allseas, has sole authority over Allseas. Mr. Heerema, Allseas Investments S.A., ("Allseas Investments"), the majority parent of Allseas, Argentum Cedit Virtuti GCV ("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.

SEC source: 0001104659-23-091965 · tm2323842-2_4seq1.xml · derivative · entry 5

Allseas Group S.A. · CIK 0001884066 · 10% owner

Allseas Investments S.A. · CIK 0001956334 · 10% owner

Heerema Edward · CIK 0001956371 · 10% owner

Argentum Cedit Virtuti GCV · CIK 0001956510 · 10% owner

Stichting Administratiekantoor Aequa Lance Foundation · CIK 0001956509 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Shares · 11,578,620 shares

Expires 2026-09-30

SEC source: 0001104659-23-091965 · tm2323842-2_4seq1.xml · nonDerivative · entry 1

Allseas Group S.A. · CIK 0001884066 · 10% owner

Allseas Investments S.A. · CIK 0001956334 · 10% owner

Heerema Edward · CIK 0001956371 · 10% owner

Argentum Cedit Virtuti GCV · CIK 0001956510 · 10% owner

Stichting Administratiekantoor Aequa Lance Foundation · CIK 0001956509 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 45,130,268

F1 · ownership.direct: These securities are owned by Allseas Group S.A. ("Allseas"). Mr. Edward Heerema, the Administrateur President of Allseas, has sole authority over Allseas. Mr. Heerema, Allseas Investments S.A., ("Allseas Investments"), the majority parent of Allseas, Argentum Cedit Virtuti GCV ("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.

SEC source: 0001104659-23-069661 · tm2318130-2_4seq1.xml · nonDerivative · entry 1

Karkar Andrei · CIK 0001874431 · Director · 10% owner

ERAS Capital LLC · CIK 0001881973 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · ERAS Capital LLC

Disclosed balance after: 55,953,495

F1 · ownership.nature: The securities are held directly by ERAS Capital LLC ("ERAS"). Andrei Karkar is the managing member of ERAS and shares voting and dispositive power over and may be deemed to beneficially own such securities held by ERAS. Andrei Karkar disclaims beneficial ownership over any securities owned by ERAS other than to the extent of any pecuniary interest he may have therein.

SEC source: 0001104659-23-069659 · tm2318130-1_4seq1.xml · nonDerivative · entry 1

Shesky Craig · CIK 0001874308 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 783,198

F1 · shares: The shares were acquired under the Issuer's 2021 Employee Stock Purchase Plan ("ESPP") in a transaction that was exempt under Rule 16b-3(c). In accordance with the terms of the ESPP, these shares were purchased at a price equal to 85% of the fair market value closing price of the Issuer's common shares on May 31, 2023.

SEC source: 0001104659-24-068380 · tm2416353-3_4seq1.xml · nonDerivative · entry 1

Karkar Andrei · CIK 0001874431 · Director · 10% owner

ERAS Capital LLC · CIK 0001881973 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 220,966

F1 · shares: Pursuant to the Issuer's Nonemployee Director Compensation Policy, the Reporting Person was granted restricted stock units ("RSUs") under the Issuer's 2021 Equity Incentive Plan. Each RSU represents the right to receive one common share upon vesting. The RSUs vested on May 30, 2024, the date of the Issuer's 2024 annual meeting of shareholders.

SEC source: 0001104659-24-068381 · tm2416353-4_4seq1.xml · nonDerivative · entry 1

Khama Sheila · CIK 0001878814 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 223,466

F1 · shares: Pursuant to the Issuer's Nonemployee Director Compensation Policy, the Reporting Person was granted restricted stock units ("RSUs") under the Issuer's 2021 Equity Incentive Plan. Each RSU represents the right to receive one common share upon vesting. The RSUs vested on May 30, 2024, the date of the Issuer's 2024 annual meeting of shareholders.

SEC source: 0001104659-24-068384 · tm2416353-8_4seq1.xml · nonDerivative · entry 1

Siamomua Amelia Kinahoi · CIK 0001878370 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 220,966

F1 · shares: Pursuant to the Issuer's Nonemployee Director Compensation Policy, the Reporting Person was granted restricted stock units ("RSUs") under the Issuer's 2021 Equity Incentive Plan. Each RSU represents the right to receive one common share upon vesting. The RSUs vested on May 30, 2024, the date of the Issuer's 2024 annual meeting of shareholders.

SEC source: 0001104659-24-068379 · tm2416353-2_4seq1.xml · nonDerivative · entry 1

Hall Andrew · CIK 0001874417 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 248,966

F1 · shares: Pursuant to the Issuer's Nonemployee Director Compensation Policy, the Reporting Person was granted restricted stock units ("RSUs") under the Issuer's 2021 Equity Incentive Plan. Each RSU represents the right to receive one common share upon vesting. The RSUs vested on May 30, 2024, the date of the Issuer's 2024 annual meeting of shareholders.

SEC source: 0001104659-24-068382 · tm2416353-5_4seq1.xml · nonDerivative · entry 1

Madsbjerg Christian · CIK 0001874438 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 220,966

F1 · shares: Pursuant to the Issuer's Nonemployee Director Compensation Policy, the Reporting Person was granted restricted stock units ("RSUs") under the Issuer's 2021 Equity Incentive Plan. Each RSU represents the right to receive one common share upon vesting. The RSUs vested on May 30, 2024, the date of the Issuer's 2024 annual meeting of shareholders.

SEC source: 0001104659-24-068383 · tm2416353-7_4seq1.xml · nonDerivative · entry 1

McAllister Kathleen S · CIK 0001614884 · Former Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 282,450

F1 · shares: Pursuant to the Issuer's Nonemployee Director Compensation Policy, the Reporting Person was granted restricted stock units ("RSUs") under the Issuer's 2021 Equity Incentive Plan. Each RSU represents the right to receive one common share upon vesting. The RSUs vested on May 30, 2024, the date of the Issuer's 2024 annual meeting of shareholders.

SEC source: 0001104659-24-068378 · tm2416353-1_4seq1.xml · nonDerivative · entry 1

Greig Andrew Carlyle · CIK 0001652486 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,335,972

F1 · shares: Pursuant to the Issuer's Nonemployee Director Compensation Policy, the Reporting Person was granted restricted stock units ("RSUs") under the Issuer's 2021 Equity Incentive Plan. Each RSU represents the right to receive one common share upon vesting. The RSU vested on May 30, 2024, the date of the Issuer's 2024 annual meeting of shareholders.

SEC source: 0001104659-23-042141 · tm2310911-3_4seq1.xml · nonDerivative · entry 5

O'Sullivan Anthony · CIK 0001874198 · Chief Development Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 512,777

F5 · price: The price reflects the average selling price of the common shares sold. These common shares were sold in multiple transactions at prices ranging from $0.75 to $0.80 per common share. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of common shares sold at each price.

SEC source: 0001104659-23-042147 · tm2310911-4_4seq1.xml · nonDerivative · entry 4

Stone Gregory · CIK 0001874441 · Chief Ocean Scientist

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 420,876

F4 · price: The price reflects the average selling price of the common shares sold. These common shares were sold in multiple transactions at prices ranging from $0.75 to $0.7780 per common share. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of common shares sold at each price.

SEC source: 0001104659-23-042141 · tm2310911-3_4seq1.xml · nonDerivative · entry 4

O'Sullivan Anthony · CIK 0001874198 · Chief Development Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 573,437

F4 · price: The price reflects the average selling price of the common shares sold. These common shares were sold in multiple transactions at prices ranging from $0.7050 to $0.7461 per common share. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of common shares sold at each price.

SEC source: 0001104659-23-042147 · tm2310911-4_4seq1.xml · nonDerivative · entry 3

Stone Gregory · CIK 0001874441 · Chief Ocean Scientist

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 472,907

F3 · price: The price reflects the average selling price of the common shares sold. These common shares were sold in multiple transactions at prices ranging from $0.7056 to $0.7457 per common share. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of common shares sold at each price.

SEC source: 0001104659-23-038274 · tm2310911-1_4seq2.xml · nonDerivative · entry 1

Barron Gerard · CIK 0001878772 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,497,489

F1 · price: The price reflects the average purchase price of the common shares bought. 1,666 of the common shares were purchased at $0.7131 per common share and 33,334 of the common shares were purchased at $0.7144 per common share.

SEC source: 0001104659-23-042141 · tm2310911-3_4seq1.xml · nonDerivative · entry 3

O'Sullivan Anthony · CIK 0001874198 · Chief Development Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 658,607

F3 · price: The price reflects the average selling price of the common shares sold. These common shares were sold in multiple transactions at prices ranging from $0.70 to $0.7801 per common share. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of common shares sold at each price.

SEC source: 0001104659-23-042137 · tm2310911-2_4seq1.xml · nonDerivative · entry 2

Shesky Craig · CIK 0001874308 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 768,198

F2 · shares: The sales reported in this Form 4 were effected to cover tax withholding obligations in connection with the vesting of RSUs that were granted on March 20, 2023 pursuant to an automatic "sell to cover" provision under which the Reporting Person did not have discretion included in the RSU Agreement.

F3 · price: The price reflects the average selling price of the common shares sold. These common shares were sold in multiple transactions at prices ranging from $0.70 to $0.7825 per common share. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of common shares sold at each price.

SEC source: 0001104659-23-042141 · tm2310911-3_4seq1.xml · nonDerivative · entry 2

O'Sullivan Anthony · CIK 0001874198 · Chief Development Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 756,000

F2 · shares: The RSUs were granted as part of the Issuer's long-term incentive plan and vest over a three year period as follows, subject to continued service through each vesting date: 1/3 on the first anniversary of March 20, 2023 (the "Grant Date"), 1/3 on the second anniversary of the Grant Date and 1/3 on the third anniversary of the Grant Date.

SEC source: 0001104659-23-042141 · tm2310911-3_4seq1.xml · nonDerivative · entry 1

O'Sullivan Anthony · CIK 0001874198 · Chief Development Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 555,723

F1 · shares: Consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one common share upon vesting. The RSUs were granted and vested upon issuance as part of the Issuer's short-term incentive plan.

SEC source: 0001104659-23-042137 · tm2310911-2_4seq1.xml · derivative · entry 3

Shesky Craig · CIK 0001874308 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 562,987

Underlying: Common Shares · 562,987 shares

Expires not disclosed

F4 · derivative.exercise_price: Each RSU represents the right to receive one common share upon vesting.

F5 · derivative.exercise_date: The RSUs were granted as part of the Issuer's long-term incentive plan and vest over a three year period as follows, subject to continued service through each vesting date: 1/3 on the first anniversary of March 20, 2023 (the "Grant Date"), 1/3 on the second anniversary of the Grant Date and 1/3 on the third anniversary of the Grant Date.

F5 · derivative.expiration_date: The RSUs were granted as part of the Issuer's long-term incentive plan and vest over a three year period as follows, subject to continued service through each vesting date: 1/3 on the first anniversary of March 20, 2023 (the "Grant Date"), 1/3 on the second anniversary of the Grant Date and 1/3 on the third anniversary of the Grant Date.

SEC source: 0001104659-23-042137 · tm2310911-2_4seq1.xml · nonDerivative · entry 1

Shesky Craig · CIK 0001874308 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 893,780

F1 · shares: Consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one common share upon vesting. The RSUs were granted and vested upon issuance as part of the Issuer's short-term incentive plan.

SEC source: 0001104659-23-042154 · tm2310911-5_4seq1.xml · nonDerivative · entry 2

Barron Gerard · CIK 0001878772 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 17,319,616

F2 · shares: The RSUs were granted as part of the Issuer's long-term incentive plan and vest over a three year period as follows, subject to continued service through each vesting date: 1/3 on the first anniversary of March 20, 2023 (the "Grant Date"), 1/3 on the second anniversary of the Grant Date and 1/3 on the third anniversary of the Grant Date.

F3 · balance_after: This amount includes 35,000 common shares purchased by the Reporting Person on March 28, 2023.

SEC source: 0001104659-23-042154 · tm2310911-5_4seq1.xml · nonDerivative · entry 1

Barron Gerard · CIK 0001878772 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 15,880,396

F1 · shares: Consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one common share upon vesting. The RSUs were granted and vested upon issuance as part of the Issuer's short-term incentive plan.

SEC source: 0001104659-23-042158 · tm2310911-6_4seq.xml · nonDerivative · entry 2

ILVES Erika · CIK 0001878778 · Chief Strategy Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,366,456

F2 · shares: The RSUs were granted as part of the Issuer's long-term incentive plan and vest over a three year period as follows, subject to continued service through each vesting date: 1/3 on the first anniversary of March 20, 2023 (the "Grant Date"), 1/3 on the second anniversary of the Grant Date and 1/3 on the third anniversary of the Grant Date.

SEC source: 0001104659-23-042158 · tm2310911-6_4seq.xml · nonDerivative · entry 1

ILVES Erika · CIK 0001878778 · Chief Strategy Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 803,469

F1 · shares: Consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one common share upon vesting. The RSUs were granted and vested upon issuance as part of the Issuer's short-term incentive plan.

SEC source: 0001104659-23-042147 · tm2310911-4_4seq1.xml · nonDerivative · entry 2

Stone Gregory · CIK 0001874441 · Chief Ocean Scientist

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 520,876

F2 · shares: The RSUs were granted as part of the Issuer's long-term incentive plan and vest over a three year period as follows, subject to continued service through each vesting date: 1/3 on the first anniversary of March 20, 2023 (the "Grant Date"), 1/3 on the second anniversary of the Grant Date and 1/3 on the third anniversary of the Grant Date.

SEC source: 0001104659-23-042147 · tm2310911-4_4seq1.xml · nonDerivative · entry 1

Stone Gregory · CIK 0001874441 · Chief Ocean Scientist

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 347,476

F1 · shares: Consists of restricted stock units ("RSUs"). Each RSU represents the right to receive one common share upon vesting. The RSUs were granted and vested upon issuance as part of the Issuer's short-term incentive plan.

SEC source: 0001104659-23-000095 · tm231317-2_4seq1.xml · nonDerivative · entry 1

Barron Gerard · CIK 0001878772 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,462,489

SEC source: 0001104659-22-125502 · tm2231780-2_4seq1.xml · nonDerivative · entry 1

Shesky Craig · CIK 0001874308 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 656,581

F1 · shares: These shares were acquired under the Issuer's 2021 Employee Stock Purchase Plan ("ESPP") in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c). In accordance with the terms of the ESPP, these shares were purchased at a price equal to 85% of the fair market value closing price of the Issuer's common shares on November 30, 2022.

SEC source: 0001104659-22-123684 · tm2231780-1_4seq1.xml · nonDerivative · entry 1

Shesky Craig · CIK 0001874308 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 641,581

F1 · kind: The sales reported in this Form 4 were effected to cover tax withholding obligations in connection with the vesting of restricted stock units that were granted to the Reporting Person on November 22, 2021 pursuant to an automatic "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.

F2 · price: The price reflects the average selling price of the common shares sold. These common shares were sold in multiple transactions at prices ranging from $0.791 to $0.8359 per common share. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of common shares sold at each price.

SEC source: 0001104659-22-105464 · tm2227294-1_4seq1.xml · nonDerivative · entry 1

O'Sullivan Anthony · CIK 0001874198 · Chief Development Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 312,500

F1 · price: The price reflects the average selling price of the common shares sold. These common shares were sold in multiple transactions at prices ranging from $1.04 to $1.05 per common share. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of common shares sold at each price.

SEC source: 0001104659-22-108210 · tm2228094-2_4seq1.xml · nonDerivative · entry 1

Greig Andrew Carlyle · CIK 0001652486 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,191,065

F1 · shares: Pursuant to the Issuer's Nonemployee Director Compensation Policy, Mr. Greig was granted restricted stock units under the Issuer's 2021 Incentive Equity Plan, which will vest over a three year period as follows, subject to continued service through each vesting date: 1/3 on the first anniversary of September 30, 2022 (the "Grant Date"), 1/3 on the second anniversary of the Grant Date and 1/3 on the third anniversary of the Grant Date.

SEC source: 0001104659-22-102036 · tm2226402-1_4seq1.xml · nonDerivative · entry 1

O'Sullivan Anthony · CIK 0001874198 · Chief Development Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 363,186

F1 · price: The price reflects the average selling price of the common shares sold. These common shares were sold in multiple transactions at prices ranging from $1.16 to $1.24 per common share. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of common shares sold at each price.

SEC source: 0001104659-22-091900 · tm2223376-5_4seq1.xml · nonDerivative · entry 1

Barron Gerard · CIK 0001878772 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,420,489

F1 · shares: Represents common shares purchased by the Reporting Person, pursuant to a securities purchase agreement, dated as of August 12, 2022, with the Issuer, a copy of which was filed as Exhibit 10.2 to the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on August 15, 2022.

SEC source: 0001104659-22-091904 · tm2223376-6_4seq1.xml · nonDerivative · entry 1

Karkar Andrei · CIK 0001874431 · Director · 10% owner

ERAS Capital LLC · CIK 0001881973 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · Eras Capital LLC

Disclosed balance after: 51,955,976

F1 · shares: Represents common shares issuable to ERAS Capital LLC ("ERAS"), pursuant to a securities purchase agreement, dated as of August 12, 2022, with the Issuer, a copy of which was filed as Exhibit 10.3 to the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on August 15, 2022, at a closing to be held pursuant to such securities purchase agreement this quarter.

F2 · ownership.nature: The securities are held directly by ERAS. Andrei Karkar is the managing member of ERAS and shares voting and dispositive power over and may be deemed to beneficially own such securities held by ERAS. Andrei Karkar disclaims beneficial ownership over any securities owned by ERAS other than to the extent of any pecuniary interest he may have therein.

SEC source: 0001104659-22-075937 · tm2212374-8_4seq1.xml · nonDerivative · entry 1

Barron Gerard · CIK 0001878772 · Director · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,316,809

SEC source: 0001104659-22-080569 · tm2221217-3_4seq1.xml · nonDerivative · entry 1

Khama Sheila · CIK 0001878814 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 76,059

F1 · shares: Pursuant to the Issuer's Nonemployee Director Compensation Policy, the Reporting Person was granted restricted stock units ("RSUs") under the Issuer's 2021 Equity Incentive Plan. Each RSU represents the right to receive one common share upon vesting. The RSU shall vest on the date of the Issuer's 2023 annual meeting of shareholders, subject to the Reporting Person's continued service through the vesting date.

SEC source: 0001104659-22-080571 · tm2221217-4_4seq1.xml · nonDerivative · entry 1

Madsbjerg Christian · CIK 0001874438 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 76,059

F1 · shares: Pursuant to the Issuer's Nonemployee Director Compensation Policy, the Reporting Person was granted restricted stock units ("RSUs") under the Issuer's 2021 Equity Incentive Plan. Each RSU represents the right to receive one common share upon vesting. The RSU shall vest on the date of the Issuer's 2023 annual meeting of shareholders, subject to the Reporting Person's continued service through the vesting date.

SEC source: 0001104659-22-080568 · tm2221217-2_4seq1.xml · nonDerivative · entry 1

Karkar Andrei · CIK 0001874431 · Director · 10% owner

ERAS Capital LLC · CIK 0001881973 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 76,059

F1 · shares: Pursuant to the Issuer's Nonemployee Director Compensation Policy, Andrei Karkar was granted restricted stock units ("RSUs") under the Issuer's 2021 Equity Incentive Plan. Each RSU represents the right to receive one common share upon vesting. The RSU shall vest on the date of the Issuer's 2023 annual meeting of shareholders, subject to Andrei Karkar's continued service through the vesting date.

SEC source: 0001104659-22-080574 · tm2221217-6_4seq1.xml · nonDerivative · entry 1

Siamomua Amelia Kinahoi · CIK 0001878370 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 76,059

F1 · shares: Pursuant to the Issuer's Nonemployee Director Compensation Policy, the Reporting Person was granted restricted stock units ("RSUs") under the Issuer's 2021 Equity Incentive Plan. Each RSU represents the right to receive one common share upon vesting. The RSU shall vest on the date of the Issuer's 2023 annual meeting of shareholders, subject to the Reporting Person's continued service through the vesting date.