IRWIN D. SIMON - 01 Jun 2024 Form 4 Insider Report for Tilray Brands, Inc. (TLRY)

Role
President and CEO, Director
Signature
/s/ Carl A. Merton, as Attorney-in-Fact for Irwin D Simon
Issuer symbol
TLRY
Transactions as of
01 Jun 2024
Transactions value $
$1,536,943
Form type
4
Filing time
03 Jun 2024, 18:36:59 UTC
Previous filing
12 Jan 2024
Next filing
14 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TLRY Common Stock (RSUs) Options Exercise $3,436,817 +1,909,343 +93.91% $1.8 3,942,401 03 Jun 2024 Direct F1, F2
transaction TLRY Common Stock (RSUs) Tax liability -$1,899,874 -1,055,486 -26.77% $1.8 2,886,915 03 Jun 2024 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 ("2021 LTIP RSUs") Disposed to Issuer $0 -130,951 -100% $0* 0 01 Jun 2024 Common Stock 130,951 Direct F4, F5
transaction TLRY Restricted Stock Units ("2022 LTIP RSUs") Disposed to Issuer $0 -600,283 -100% $0* 0 01 Jun 2024 Common Stock 600,283 Direct F4, F5
transaction TLRY Restricted Stock Units ("2023 LTIP RSUs") Disposed to Issuer $0 -1,178,109 -50% $0 1,178,109 01 Jun 2024 Common Stock 1,178,109 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 1, 2024, a total of 1,909,343 LTIP RSUs vested. Each LTIP RSU represents a contingent right to receive one (1) share of Tilray Common Stock.
F2 Amount includes shares of Common Stock beneficially owned by the reporting person but excludes other unvested RSUs.
F3 Represents shares withheld by the Company to satisfy the tax withholding obligation associated with the vesting of 1,909,343 LTIP RSUs previously granted on July 27, 2021, July 26, 2022, and July 26, 2023.
F4 Each RSU represents a contingent right to receive one (1) share of Tilray Common Stock.
F5 Amount represents the total amount of unvested RSUs.