Nathaniel Christopher Kelly - 29 Aug 2023 Form 4 Insider Report for TILT Holdings Inc. (TLLTF)

Role
Chief Revenue Officer
Signature
/s/ Mark Higgins as attorney-in-fact for Nathaniel Christopher Kelly
Issuer symbol
TLLTF
Transactions as of
29 Aug 2023
Transactions value $
$-970
Form type
4
Filing time
29 Sep 2023, 17:05:36 UTC
Previous filing
12 Dec 2022
Next filing
05 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TLLTF Common Shares, no par value Options Exercise $0 +140,625 $0.000000 140,625 29 Aug 2023 Direct
transaction TLLTF Common Shares, no par value Tax liability $-970 -33,007 -23.5% $0.0294 107,618 29 Aug 2023 Direct F1, F2

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
transaction TLLTF Restricted Share Units Award $0 +562,500 $0.000000 562,500 29 Aug 2023 Common Shares, no par value 562,500 Direct F3, F4
transaction TLLTF Restricted Share Units Options Exercise $0 -140,625 -25% $0.000000 421,875 29 Aug 2023 Common Shares, no par value 140,625 $0.000000 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents common shares that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting and net settlement of restricted share units ("RSU") and does not represent a sale by the Reporting Person.
F2 The price provided in this column was calculated based on the closing price of the Issuer's common shares on Cboe Canada formerly known as the NEO Exchange on August 29, 2023 which was CAD$0.04. The share price of CAD$0.04 was converted to U.S. dollars using the exchange rate provided by the Bank of Canada of USD$1.00= CAD$1.3593 on August 29, 2023.
F3 Each RSU is equivalent in value to one share of the Issuer's common shares, no par value. 140,625 RSUs vested on August 29, 2023, 140,625 RSUs will vest on March 1, 2024, 140,625 RSUs will vest on March 1, 2025 and 140,625 RSUs will vest on March 1, 2026, subject to the Reporting Person's continued employment with the Issuer on each vesting date.
F4 RSUs do not expire; they either vest or are cancelled.