Arthur Smuck - 29 Sep 2023 Form 4 Insider Report for TILT Holdings Inc. (TLLTF)

Role
Director
Signature
/s/ Mark Higgins as attorney-in-fact for Arthur Smuck
Issuer symbol
TLLTF
Transactions as of
29 Sep 2023
Net transactions value
$0
Form type
4
Filing time
05 Oct 2023, 16:50:35 UTC
Previous filing
14 Jun 2023
Next filing
03 Jan 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 +617,075 $0.000000 617,075 29 Sep 2023 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
transaction TLLTF Restricted Share Units Options Exercise $0 -617,075 -25% $0.000000 1,851,226 29 Sep 2023 Common Shares, no par value 617,075 $0.000000 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted share unit ("RSU") is equivalent in value to one share of the Issuer's common share, no par value, at the time of vesting for no consideration.
F2 The RSUs vested as to 617,075 shares on September 29, 2023 and 617,075 RSUs will vest on December 29, 2023, 617,075 will vest on March 29, 2024 and 617, 076 RSUs will vest on the business day immediately preceding the date of the Issuer's next annual general meeting of shareholders, subject to the Reporting Person continuing as a director on each vesting date.
F3 The RSUs do not expire, they either vest or are cancelled.