X0508 4 2026-02-06 0 0001798562 TMC the metals Co Inc. TMC 0001874431 Karkar Andrei C/O TMC THE METALS COMPANY INC., 1111 WEST HASTINGS STREET, 15TH FLOOR VANCOUVER A1 V6E 2J3 BRITISH COLUMBIA, CANADA 1 0 1 0 0001881973 ERAS Capital LLC C/O TMC THE METALS COMPANY INC., 1111 WEST HASTINGS STREET, 15TH FLOOR VANCOUVER A1 V6E 2J3 BRITISH COLUMBIA, CANADA 0 0 1 0 0 Common Shares 2026-02-06 4 M 0 31602 0.65 A 425611 D Common Shares 60953495 I ERAS Capital LLC Stock Option (right to buy) 0.65 2026-02-06 4 M 0 31602 D 2028-06-01 Common Shares 31602 94805 D Class A Special Shares 2026-02-06 4 M 0 689 A Common Shares 689 2078 D Class B Special Shares 2026-02-06 4 M 0 1379 A Common Shares 1379 4157 D Class C Special Shares 2026-02-06 4 M 0 1379 A Common Shares 1379 4157 D Class D Special Shares 2026-02-06 4 M 0 2758 A Common Shares 2758 8315 D Class E Special Shares 2026-02-06 4 M 0 2758 A Common Shares 2758 8315 D Class F Special Shares 2026-02-06 4 M 0 2758 A Common Shares 2758 8315 D Class G Special Shares 2026-02-06 4 M 0 3447 A Common Shares 3447 10394 D Class H Special Shares 2026-02-06 4 M 0 3447 A Common Shares 3447 10394 D Represents the exercise of stock options to purchase 31,602 common shares for cash at an exercise price of $0.65 per common share. The deadline to exercise these stock options with respect to the vested common shares underlying them is March 5, 2026. In accordance with the terms of the stock options, the Reporting Person was also issued 689 Class A Special Shares, 1,379 Class B Special Shares, 1,379 Class C Special Shares, 2,758 Class D Special Shares, 2,758 Class E Special Shares, 2,758 Class F Special Shares, 3,447 Class G Special Shares and 3,447 Class H Special Shares for no additional consideration. 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. These stock options vest in increments upon the occurrence of certain milestones, subject to continued service through each milestone. These stock options are exercisable at any time until March 5 of the year following vesting of such stock option (any such date, the "Exercise Date"). These stock options expire on the day after the Exercise Date. Also included the right to purchase the Class A Special Shares, the Class B Special Shares, the Class C Special Shares, the Class D Special Shares, the Class E Special Shares, the Class F Special Shares, the Class G Special Shares and the Class H Special Shares (collectively, the "Special Shares") set forth in Footnote 1 above. Received by the Reporting Person as described in the Form 4 submitted by the Reporting Person on September 13, 2021. Each of the Special Shares automatically convert into common shares on a one for one basis, if on any twenty trading days within any thirty trading day period, the common shares trade for a price that is greater than or equal to the price threshold for such class of Special Shares (the "Price Threshold") described below, or in the event of certain changes of control. The Price Thresholds for the Special Shares are as follows: Class A Special Shares ($15.00), Class B Special Shares ($25.00), Class C Special Shares ($35.00), Class D Special Shares ($50.00), Class E Special Shares ($75.00), Class F Special Shares ($100.00), Class G Special Shares ($150.00), and Class H Special Shares ($200.00). Represents the amount of the specified class of Special Shares acquired upon the exercise of stock options referenced in Footnote 1 above. Does not include the Special Shares held by ERAS Capital LLC that were previously reported in the Form 4 submitted by the Reporting Person on September 13, 2021. Also includes the right to purchase 2,069 Class A Special Shares, 4,137 Class B Special Shares, 4,137 Class C Special Shares, 8,274 Class D Special Shares, 8,274 Class E Special Shares, 8,274 Class F Special Shares, 10,343 Class G Special Shares and 10,343 Class H Special Shares. /s/ Michelle Ancosky, Attorney-In-Fact 2026-02-10