[SCHEDULE 13G] TMC the metals company Inc. SEC Filing

Rhea-AI Filing Summary

Wintrust Financial Corp (WTFC) – Insider Form 4 Filing

Director Marla F. Glabe reported the acquisition of 428 shares of Wintrust Financial common stock on 30 June 2025 under the shareholder-approved Director’s Deferred Fee & Stock Plan. The transaction is coded “A” (open-market or plan acquisition) at an indicated reference price of $112.46 per share, implying a dollar value of roughly $48,100. Following the purchase, Glabe’s direct beneficial ownership rises to 22,197 shares.

• No derivative securities were transacted.
• The filing is made by a single reporting person and bears an attorney-in-fact signature dated 2 July 2025.
• The acquisition represents about 1.9% incremental ownership relative to Glabe’s revised holdings.

While modest in size relative to WTFC’s average trading volume and market capitalization, director share accumulation can be viewed as a marginally constructive signal of insider confidence.

Positive

• Director increased personal holdings, a traditional—albeit modest—signal of insider confidence.

Negative

• None.

Insights

Securities Analyst

TL;DR: Small director buy (~$48k) marginally positive, but immaterial to WTFC fundamentals.

The Form 4 shows Director Marla F. Glabe adding 428 shares via the company’s deferred fee stock plan. The purchase lifts her stake to 22,197 shares, worth roughly $2.5 million at current prices. Although insider acquisitions often indicate conviction, the size (<0.01% of WTFC’s outstanding shares) limits market impact. The transaction is routine compensation-related, carries no strategic implications, and does not alter the investment thesis for Wintrust Financial. Overall, I view the filing as neutral from a valuation or earnings-forecast standpoint.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

TMC the metals Co Inc.

(Name of Issuer)

Common Shares, without par value

(Title of Class of Securities)

87261Y106

(CUSIP Number)

06/25/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 87261Y106

1

Names of Reporting Persons

Korea Zinc Company, Ltd.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

KOREA, REPUBLIC OF

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 26,491,557.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 26,491,557.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

26,491,557.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.2 %

12

Type of Reporting Person (See Instructions)

FI

Comment for Type of Reporting Person: The number of shares beneficially owned in each of Rows 5 and 7 above consists of (i) 19,623,376 common shares, without par value ("Common Shares") and (ii) 6,868,181 warrants to purchase Common Shares ("Warrants"). The percentage beneficial ownership in Row 11 above is based on a total of (i) 6,868,181 Warrants and (ii) 362,186,002 Common Shares outstanding as of May 13, 2025, as reported in the Issuer's (as defined below) quarterly report filed on Form 10-Q filed with the Securities and Exchange Commission (the "SEC") on May 14, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: TMC the metals Co Inc.
(b)	Address of issuer's principal executive offices: 1111 West Hastings Street, 15th Floor
Item 2.
(a)	Name of person filing: Korea Zinc Company, Ltd.
(b)	Address or principal business office or, if none, residence: 33, Jong-ro, Jongno-gu, Seoul, Republic of Korea 03159
(c)	Citizenship: Republic of Korea
(d)	Title of class of securities: Common Shares, without par value
(e)	CUSIP No.: 87261Y106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The number of Shares reported as beneficially owned consists of (i) 19,623,376 Common Shares and (ii) 6,868,181 Common Shares issuable upon the exercise of Warrants.
(b)	Percent of class: 7.2% Such percentage is based upon the sum of (i) 6,868,181 Warrants and (ii) 362,186,002 Common Shares outstanding as of May 13, 2025, as reported in the Issuer's quarterly report filed on Form 10-Q filed with the SEC on May 14, 2025.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 26,491,557
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 26,491,557
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Korea Zinc Company, Ltd.

Signature:	/s/ Ki Deok Park
Name/Title:	Ki Deok Park/President
Date:	07/02/2025

FAQ

What did Director Marla F. Glabe purchase according to the WTFC Form 4?

She acquired 428 shares of Wintrust Financial common stock on 06/30/2025.

At what price were the WTFC shares recorded in the Form 4?

The filing references a price of $112.46 per share.

How many Wintrust Financial shares does Glabe own after the transaction?

Her direct beneficial ownership stands at 22,197 shares.

Was any derivative security activity reported in this Form 4?

No; there were no options, warrants, or other derivatives reported.

Is the insider transaction large enough to affect WTFC’s share count?

No; 428 shares is immaterial relative to Wintrust’s total shares outstanding.