Brendan Kennedy - 17 Jun 2021 Form 4 Insider Report for Tilray, Inc. (TLRY)

Role
Director
Signature
/s/ Carl A. Merton, as attorney-in-fact for Brendan Kennedy
Issuer symbol
TLRY
Transactions as of
17 Jun 2021
Transactions value $
-$14,060,680
Form type
4
Filing time
24 Jun 2021, 16:16:20
Previous filing
11 May 2021
Next filing
23 Jun 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TLRY Class 2 Common Stock Sale -$7.19M -400K -4.01% $17.97* 9.57M 17 Jun 2021 Direct F1, F2, F4
transaction TLRY Class 2 Common Stock Sale -$6.87M -400K -4.18% $17.19* 9.17M 18 Jun 2021 Direct F1, F3
holding TLRY Class 2 Common Stock 235K 17 Jun 2021 By: Skyline & Mayfair LLC F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 17, 2021.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.41 to $18.34, inclusive. The reporting person undertakes to provide to Tilray, Inc., any security holder of Tilray, 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 (2).
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.86 to $17.73, inclusive. The reporting person undertakes to provide to Tilray, Inc., any security holder of Tilray, 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 (3).
F4 On May 11, 2021, the reporting person filed a Form 4/A which inadvertently underreported the total number of shares of Class 2 Common Stock directly held by the reporting person. The amount of securities beneficially owned as set forth in this Column 5 has been corrected to reflect the reporting person's current holdings after giving effect to this sale and the transactions reported on the original Form 4/A.
F5 The reporting person is the sole member of Skyline & Mayfair LLC and has sole voting and investment power with respect to the shares held by Skyline & Mayfair LLC.