Trilogy Metals (TMQ) director sells 25,107 common shares in market trade

Rhea-AI Filing Summary

Trilogy Metals Inc. director William L. Iggiagruk Hensley reported an open-market sale of 25,107 common shares on February 26, 2026. The weighted average sale price was $4.40 per share, with individual trades executed between $4.39 and $4.40.

After this transaction, Hensley directly holds 18,531 common shares of Trilogy Metals Inc. He noted that detailed trade-by-trade pricing within the stated range is available upon request.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hensley William L. Iggiagruk

(Last) (First) (Middle)

C/O TRILOGY METALS INC.

SUITE 901, 510 BURRARD STREET

(Street)

VANCOUVER A1 V6C 3A8

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Trilogy Metals Inc. [ TMQ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/26/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	02/26/2026		S		25,107	D	$4.4(1)	18,531	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sale price reported above is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.39 to $4.40, inclusive. The reporting person undertakes to provide to Trilogy Metals Inc., any security holder of Trilogy Metals Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

	/s/ Elaine Sanders as attorney-in-fact for William I. Iggiagruk Hensley	02/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Trilogy Metals (TMQ) disclose in this Form 4?

Trilogy Metals (TMQ) disclosed that director William L. Iggiagruk Hensley sold 25,107 common shares in an open-market transaction. The sale occurred on February 26, 2026, at a weighted average price of $4.40 per share, with trades between $4.39 and $4.40.

At what price did the Trilogy Metals (TMQ) director sell his shares?

The Trilogy Metals (TMQ) director reported a weighted average sale price of $4.40 per share. According to the filing, individual trades were executed in multiple transactions at prices ranging from $4.39 to $4.40 per share, inclusive, during the open-market sale.

How many Trilogy Metals (TMQ) shares did the director sell and what remains?

Director William L. Iggiagruk Hensley sold 25,107 Trilogy Metals (TMQ) common shares. Following this open-market sale, he directly owns 18,531 common shares of the company, as reported in the Form 4 insider transaction filing submitted to regulators.

Who is the insider involved in the Trilogy Metals (TMQ) Form 4 transaction?

The insider is William L. Iggiagruk Hensley, a director of Trilogy Metals (TMQ). He reported an open-market sale of 25,107 common shares and now directly holds 18,531 shares of the company following completion of the disclosed transaction.

What does the pricing footnote in the Trilogy Metals (TMQ) Form 4 explain?

The footnote explains that the reported $4.40 price is a weighted average. Trilogy Metals (TMQ) shares were sold in multiple transactions between $4.39 and $4.40, and the director offers to provide detailed trade-by-trade pricing information to the company, shareholders, or SEC staff upon request.

Was the Trilogy Metals (TMQ) insider transaction a buy or a sell?

The Trilogy Metals (TMQ) Form 4 reports a sell transaction. Director William L. Iggiagruk Hensley executed an open-market sale of 25,107 common shares, with a weighted average sale price of $4.40 per share over a narrow price range.