Brumder reports 3.4% stake in TMC (14.7M shares)
TMC the metals Co Inc. amendment reports that William George Brumder II may be deemed to beneficially own 14,703,132 common shares, representing approximately 3.4% of the class.
Rhea-AI Filing Summary
TMC the metals Co Inc. amendment reports that William George Brumder II may be deemed to beneficially own 14,703,132 common shares, representing approximately 3.4% of the class. This total includes 2,702,900 shares underlying call options exercisable within 60 days. The percentage is calculated using 433,188,187 shares outstanding as of April 2, 2026 as reported in the Proxy Statement on Schedule 14A filed April 17, 2026.
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Insights
Disclosure of sub-5% beneficial ownership with option exposure.
William Brumder's Schedule 13G/A amendment shows a 3.4% stake based on the issuer's reported outstanding share count. The filing explicitly notes call options for 2,702,900 shares exercisable within 60 days, which are included in the beneficial ownership total.
Reported ownership remains below common 5% filing thresholds for certain schedules; subsequent filings would be required if ownership or status changes. Timing and cash-flow treatment for the option exercises are not stated in the excerpt.
Key Figures
Key Terms
beneficially own regulatory
call options exercisable within 60 days financial
Proxy Statement on Schedule 14A regulatory
FAQ
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What is the basis for the 3.4% ownership percentage in TMC?
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