Carl A. Merton - Jul 31, 2025 Form 4 Insider Report for Tilray Brands, Inc. (TLRY)

Role
Chief Financial Officer
Signature
/s/ Carl A. Merton
Stock symbol
TLRY
Transactions as of
Jul 31, 2025
Transactions value $
$25,605
Form type
4
Date filed
8/4/2025, 04:06 PM
Previous filing
Jul 30, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Merton Carl A Chief Financial Officer C/O TILRAY BRANDS, INC., 265 TALBOT STREET WEST, LEAMINGTON, ONTARIO, CANADA /s/ Carl A. Merton 2025-08-04 0001860546

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TLRY Common Stock Options Exercise $54.5K +93.9K +10.72% $0.58 970K Jul 31, 2025 Direct F1, F2
transaction TLRY Common Stock Tax liability -$28.9K -49.8K -5.13% $0.58 920K Jul 31, 2025 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 Performance-Based Restricted Stock Units ("2022 PSUs") Options Exercise $0 -47K -100% $0.00 0 Jul 31, 2025 Common Stock 93.9K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 26, 2022, the reporting person was granted 187,853 of 2022 PSUs, with vesting subject to the achievement of certain pre-established performance parameters relating to the aggregate EBITDA generated from the HEXO transaction. The underlying performance condition was satisfied, and 46,964 units vested on July 31, 2025.
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 46,964 of 2022 PSUs previously granted on June 26, 2022.
F4 Each unit represents a contingent right to receive one (1) share of Tilray Common Stock.