Metals Royalty director reports 2.5M TMCR shares
Metals Royalty Co Inc. director Michael Bernard Hess filed an initial ownership report showing substantial holdings of the company’s common shares.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
3
Rhea-AI Filing Summary
Metals Royalty Co Inc. director Michael Bernard Hess filed an initial ownership report showing substantial holdings of the company’s common shares. He reports 1,500,000 common shares held directly and 1,000,000 common shares held indirectly through SS3H Ventures LLC. The SS3H stake is attributed to the LLC, with Hess as sole member and a disclaimer that he is not deemed the beneficial owner of those indirect shares except to the extent of his pecuniary interest.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hess Michael Bernard
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 1,500,000 shares (Direct);
Common Shares — 1,000,000 shares (Indirect, By SS3H Ventures LLC)
Footnotes (1)
- F1. Represents shares held by SS3H Ventures LLC ("SS3H"). The Reporting Person is the sole member of SS3H and may be deemed to share voting, investment and dispositive power with respect to the securities held by SS3H. The Reporting Person disclaims beneficial ownership over such shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is a beneficial owner of such shares for the purpose of Section 16 of the Exchange Act, or for any other purpose.
Key Figures
Direct common shares: 1,500,000 shares
Indirect common shares: 1,000,000 shares
Total reported positions: 2,500,000 shares
3 metrics
Direct common shares
1,500,000 shares
Total shares held directly after reporting
Indirect common shares
1,000,000 shares
Shares held indirectly through SS3H Ventures LLC
Total reported positions
2,500,000 shares
Sum of direct and SS3H Ventures LLC reported holdings
Key Terms
beneficial ownership, pecuniary interest, dispositive power, Section 16 of the Securities Exchange Act of 1934
4 terms
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership over such shares for purposes of Section 16"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein, if any"
dispositive power financial
"may be deemed to share voting, investment and dispositive power with respect to the securities"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Section 16 of the Securities Exchange Act of 1934 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934, as amended"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the TMCR Form 3 filing by Michael Bernard Hess report?
The Form 3 reports Michael Bernard Hess’s initial ownership in Metals Royalty Co Inc. It shows both direct and indirect holdings of common shares, providing a baseline of his positions as a director under Section 16 reporting rules.
What is SS3H Ventures LLC’s role in the TMCR Form 3 filing?
SS3H Ventures LLC is reported as holding 1,000,000 common shares of Metals Royalty Co Inc. Hess is the sole member of SS3H and may share voting and investment power over these securities, but they are legally held by the LLC.
What type of security is reported in the TMCR Form 3 for Michael Bernard Hess?
The filing covers Common Shares of Metals Royalty Co Inc. These represent standard equity interests in the company and are the only class of security listed in this Form 3 for both direct and indirect holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates