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TMC the metals Co Inc. Stock: price and insider trades · United States
No insider purchase over the last 90 days. The latest was filed 07 Jul 2026.
TMC the metals Co Inc.: what insiders have been doing
Every trade that managers of TMC the metals Co Inc. disclose to SEC (Form 4) is tracked on this page. The company sits in the Chemicals & Materials sector. Between 18 October 2025 and 18 October 2026, 11 insiders published 16 filings.
On the market, 1 insider bought (1 purchase) while 2 insiders sold (2 sales totalling €493k). The totals exclude 1 filing filed without an amount. Unlike grants, an open-market purchase is paid for by the insider, at the market price. One trade stands out by size: a sale of €281k from O'Sullivan Anthony, disclosed on 2 December 2025. On the buying side, the filings list 1 major shareholder among the declarants.
The most recent open-market purchase was published on 7 July 2026, 103 days ago. Filings reach the SEC (Form 4) feed a median of 4 days after the trade. For comparison, the SEC allows two business days to file a Form 4. Selling is not necessarily a view on the stock: liquidity needs and diversification are common motives.
With 16 filings in twelve months, the company is quieter than the median of 19 filings across the 5,808 companies we follow on the same exchange. Our records for TMC the metals Co Inc. go back to 2021, with 21 purchases and 22 sales on the open market in total. In its latest annual report filed with the SEC (10-K, fiscal year ended 31 December 2025), the company reported net income of -319.8 m USD.
Elsewhere in the same sector, our signals recently picked up insider purchases at Culp Inc. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
Insider Decl.
139
Thresholds
n/a
Buy Volume
€21M
21 ops. · all time
Sell Volume
€11M
22 ops. · all time
Who traded when
BuySaleCraig Shesky3 sales
May Brendan1 buy2 sales
Allseas Group S.A.2 buys
Anthony O'Sullivan2 sales
Erika ILVES2 sales
Andrew Hall1 sale
Since the insiders bought
- -8.0%Entry US$0.08 · Close at T+90 US$0.07
- +426.7%Entry US$1.20 · Close at T+365 US$6.32
- +42.7%Entry US$0.96 · Close at T+365 US$1.37
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Financial data
as of FY 2025FY ended December 2025 · cache
US$2.63
Analyst consensus
7 analysts1.50/5
US$10.00Target US$10.90(+314%)US$12.30
Income statement
EBITDA-US$316.2M
Net income-US$319.8M0.0% margin
Valuation
PER (forward)-11.0x
Beta1.91
Balance sheet & cash
Market capUS$1.2B
Total debtUS$11.8M
Free Cash Flow-US$43.1M
Profitability & ownership
ROE-1123.2%
ROA-72.5%
% insiders46.1%
% institutions13.8%
Last declaration on 9 October 2026
Declarations139 total
25,445 shares0Common SharesSEC:0001104659-26-115124:0
77,720 shares0Common SharesSEC:0001104659-26-115124:1
72,935 shares0Common SharesSEC:0001104659-26-108361:0
7,305,567 sharesCommon SharesSEC:0001104659-26-081044:0
Canonical exit: 29 Sept 2026 (T+90)
20,768 shares@ US$6.423636.2% of flowCommon StockSEC144:0001964306-26-000262
453,515 shares0Common SharesSEC:0001104659-26-043875:0
816,327 shares0Common SharesSEC:0001104659-26-043874:0
453,515 shares0Common SharesSEC:0001104659-26-043877:0
51,941 shares@ US$4.73821.5% of flowCommon SharesSEC:0001104659-26-035390:0
187,662 shares0Common SharesSEC:0001104659-26-033976:0
31,602 shares@ US$0.650.1% of flowCommon SharesSEC:0001104659-26-012845:0
11,578 shares@ US$0.52100.0% of flowCommon SharesSEC:0001104659-26-012844:0
63,204 shares@ US$0.653.5% of flowCommon SharesSEC:0001104659-26-012846:0
63,682 shares@ US$0.520.1% of flowCommon SharesSEC:0001104659-26-011124:0
11,578 shares@ US$0.52100.0% of flowCommon SharesSEC:0001104659-26-002541:0
50,000 shares@ US$6.5118.2% of flowCommon SharesSEC:0001104659-25-117834:0
1,000,000 shares0Common SharesSEC:0001104659-25-093051:0
1,591,485 shares@ US$5.7797.1% of flowCommon SharesSEC:0001104659-25-093050:0
237,530 shares0Common SharesSEC:0001104659-25-087564:0
1,750,000 shares0Common SharesSEC:0001104659-25-087563:0
250,000 shares@ US$0.659.0% of flowCommon SharesSEC:0001104659-25-084942:0
25,000 shares@ US$7.80352.7% of flowCommon SharesSEC:0001104659-25-063742:0
66,508 shares0Common SharesSEC:0001104659-25-056976:0
5,459 shares0Common SharesSEC:0001104659-25-055765:0
22,371 shares0Common SharesSEC:0001104659-25-055764:0
25 of 139 declarations
About TMC the metals Co Inc.
TMC the metals company Inc. is a United States-based issuer listed on the NASDAQ market (ticker: TMC; the warrant line TMCWW is also tracked by some investors). The company is developing a highly specialized business model centered on polymetallic nodules from the deep seafloor, primarily in the Clarion-Clipperton Zone in the Pacific. Its investment case is built around the idea of turning an offshore critical-minerals resource into an onshore supply chain for nickel, cobalt, copper and manganese, materials that are strategically relevant for batteries, electrification, heavy industry and defense applications. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1798562/000110465926061202/tm2614595d1_ex99-1.htm?utm_source=openai))
In its current corporate form, TMC emerged from a series of restructurings and a business combination completed in 2021. The company has positioned itself as a future integrated deep-sea minerals developer rather than a conventional mining company: it intends to collect nodules at sea, transport them to shore, and process them into intermediate and refined products. In March 2026, TMC disclosed an exclusive right of negotiation with the Port of Brownsville, Texas, for a potential long-term lease or lease option for land intended to support a domestic nodule processing and refining ecosystem. That development strengthens the company’s U.S. industrial footprint and signals a possible downstream hub in the United States. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1798562/000110465926061357/tmc-20260331x10q.htm?utm_source=openai))
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From an operating standpoint, TMC’s planned product slate initially includes nickel-, cobalt- and copper-bearing intermediate materials, plus a manganese silicate product with roughly 40% manganese content. Management has also highlighted possible future expansion into silicomanganese alloy, battery-grade sulfates and precursor cathode active materials, as well as recovery of rare earth elements contained in the nodules. This places TMC at the crossroads of battery materials, base metals and critical-mineral security, with a clear strategic narrative aimed at Western supply chains. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1798562/000110465926061357/tmc-20260331x10q.htm?utm_source=openai))
Competitive positioning is still precommercial. TMC does not yet generate operating revenue, and its long-term value proposition depends on proving that deep-sea collection and onshore processing can be executed at commercial scale, under acceptable environmental and regulatory conditions, and at a viable cost. The company’s core competitive advantages are therefore prospective rather than proven: a large estimated resource base, exposure to metals in demand, and early-mover status in a niche deep-sea mining segment. At the same time, the business carries substantial execution, permitting, funding and ESG risk. TMC has stated that it is pursuing a “capital-light” approach, reflecting the need to conserve capital while advancing regulatory and technical milestones. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1798562/000110465926061357/tmc-20260331x10q.htm?utm_source=openai))
Recent developments have been material. TMC reported first-quarter 2026 results and business updates, including a cash balance of $119.7 million at March 31, 2026. The company also highlighted new environmental dataset submissions to the International Seabed Authority’s DeepData platform, a January 2026 NOAA rule modernizing U.S. deep-seabed mining permitting, and a May 11, 2026 agreement with Allseas for the design, development, build, testing, commissioning and operation of an integrated offshore nodule collection and production system. These events suggest TMC is progressing from concept toward industrialization, but the company remains a development-stage issuer exposed to regulatory and financing dependency. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1798562/000110465926061357/tmc-20260331x10q.htm?utm_source=openai))
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