Mark Scatterday - 18 Jun 2022 Form 3 Insider Report for TILT Holdings Inc. (TLLTF)

Role
Director
Signature
/s/ Mark M. Higgins as attorney-in-fact for Mark Scatterday
Issuer symbol
TLLTF
Transactions as of
18 Jun 2022
Net transactions value
$0
Form type
3
Filing time
21 Jun 2022, 19:37:11 UTC
Next filing
27 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TLLTF Common Stock, no par value 1,300,000 18 Jun 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding TLLTF Common Stock Warrants (right to buy) 18 Jun 2022 Common stock, no par value 2,913,750 $0.2500 Direct F1, F2
holding TLLTF Employee Stock Options (right to buy) 18 Jun 2022 Common stock, no par value 1,666,667 $0.5000 Direct F3, F4, F5
holding TLLTF LP Units of Jimmy Jang L.P. 18 Jun 2022 Common stock, no par value 27,182,540 $0.000000 See Footnote F6, F7
holding TLLTF Rights of TILT Holdings Inc. 18 Jun 2022 Common stock, no par value 27,182,540 $0.000000 See Footnote F6, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each warrant is exercisable for one share of the Issuer's common stock, no par value ("Common Stock").
F2 The exercise price of the warrants is $0.33 Canadian dollars per share of common stock. The amount in column 4 is converted to U.S. dollars using the exchange rate as of June 17, 2022 as reported by the Bank of Canada.
F3 Each option is exercisable for one share of Common Stock. The options are fully vested.
F4 The options will expire on the earlier of (i) November 21, 2029 and (ii) the date that is three months after the termination of the Reporting Person's services to the Issuer.
F5 The exercise price of the options is $0.65 Canadian dollars per share of common stock. The amount in column 4 is converted to U.S. dollars using the exchange rate as of June 17, 2022 as reported by the Bank of Canada.
F6 Each LP unit ("Unit") of Jimmy Jang L.P. ("Jimmy Jang"), a subsidiary of the Issuer, is convertible together with one right ("Right") of TILT Holdings Inc. for one share of Common Stock at any time upon request of the Reporting Person.
F7 The Units are held by the Mak One LLLP ("Mak One"), of which the Reporting Person is the owner of 100% of the partnership interests.
F8 The Rights are held by the Mak One, of which the Reporting Person is the owner of 100% of the partnership interests.

Remarks:

Exhibit List: Exhibit 24.1 - Power of Attorney