IRWIN D. SIMON - 01 Jun 2022 Form 4 Insider Report for Tilray Brands, Inc. (TLRY)

Role
President and CEO
Signature
/s/ Carl A. Merton, as Attorney-in-Fact for Irwin D Simon
Issuer symbol
TLRY
Transactions as of
01 Jun 2022
Transactions value $
-$286,188
Form type
4
Filing time
03 Jun 2022, 18:25:01 UTC
Previous filing
20 Jan 2022
Next filing
13 Jun 2022
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 Options Exercise +130,910 +18.12% 853,506 01 Jun 2022 Direct F1, F2
transaction TLRY Class 2 Common Stock Tax liability -$286,187 -68,466 -8.02% $4.18 785,040 01 Jun 2022 Direct F2, F3

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 TLRY Restricted Stock Units Options Exercise $0 -130,910 -100% $0* 0 01 Jun 2022 Class 2 Common Stock 130,910 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSUs convert into shares of Tilray Class 2 Common Stock on a one-for-one basis.
F2 Amount includes shares of Common Stock beneficially owned by the reporting person, but excludes other unvested RSUs.
F3 Represents the number of shares withheld by the issuer to satisfy applicable tax withholding obligations in connection with the vesting of RSUs previously reported.
F4 Each restricted stock unit represents a contingent right to receive one (1) share of Tilray Brands, Inc. Class 2 Common Stock.
F5 On July 27, 2021, the reporting person was granted 392,772 RSUs, 33.33% of which vested on June 1, 2022, with 33.33% scheduled to vest on June 1, 2023 and 33.34% scheduled to vest on June 1, 2024, subject to continued employment, except in the case of the reporting person's earlier involuntary termination, death or disability. In the event of a voluntary termination by the reporting person prior to the vesting date, all RSUs will be forfeited.