Form 4 for TLRY Tilray Brands, Inc.

Accepted 2021-08-23 00:00:00 ET · period of report 2021-08-19 · accession 0001140361-21-029189 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2021-08-23	2021-08-19	TLRY	Merton Carl A	CFO	F - Tax	$12.68	-50.2K	220.2K	-19%	-$637.1K
D	2021-08-23	2021-08-19	TLRY	Merton Carl A	CFO	M - OptEx	—	+96.6K	270.5K	+56%	—
D	2021-08-23	2021-08-19	TLRY	Merton Carl A	CFO	M - OptEx	$0.00	-96.6K	0	-100%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Class 2 Common Stock	2021-08-19	F	D	50,247	$12.68	220,207	D	—	—	(F1) These shares were retained by Tilray, Inc. ("Tilray") via settlement on a net withholding basis in order to meet the tax withholding obligations of the reporting person in connection with the vesting of an installment of restricted stock units ("RSUs") granted to the reporting person on August 12, 2020. None of these shares were sold in an open market transaction.
2	Common	Class 2 Common Stock	2021-08-19	M	A	96,628	—	270,454	D	—	—	(F2) RSUs convert into shares of Tilray Class 2 Common Stock on a one-for-one basis.
3	Derivative	Restricted Stock Units	2021-08-19	M	D	96,628	$0.00	0	D	— · — to —	96,628 Class 2 Common Stock	(F2) RSUs convert into shares of Tilray Class 2 Common Stock on a one-for-one basis. (F3) On August 12, 2020, the reporting person was granted 96,628 RSUs, 50% of which were scheduled to vest on August 12, 2021, with the remaining 50% scheduled to vest on August 12, 2022. On August 19, 2021, the Compensation Committee of Tilray's Board of Directors accelerated the vesting of the remaining unvested RSUs.