Form 4 for TLRY Tilray Brands, Inc.
Accepted 2021-08-23 00:00:00 ET · period of report 2021-08-19 · accession 0001140361-21-029190 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2021-08-23 | 2021-08-19 | TLRY | Meiers James R. | Head of Canada | F - Tax | $12.68 | -14.9K | 49.5K | -23% | -$189.3K |
| DM | 2021-08-23 | 2021-08-19 | TLRY | Meiers James R. | Head of Canada | M - OptEx | — | +63.7K | 57.2K | New | — |
| DM | 2021-08-23 | 2021-08-19 | TLRY | Meiers James R. | Head of Canada | M - OptEx | $0.00 | -63.7K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | 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 | 7,299 | $12.68 | 73,363 | 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 November 14, 2019 and 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 | 31,125 | — | 80,662 | D | — | — | (F2) RSUs convert into shares of Tilray Class 2 Common Stock on a one-for-one basis. |
| 3 | Common | Class 2 Common Stock | 2021-08-19 | F | D | 7,633 | $12.68 | 49,537 | 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 November 14, 2019 and August 12, 2020. None of these shares were sold in an open market transaction. |
| 4 | Common | Class 2 Common Stock | 2021-08-19 | M | A | 32,548 | — | 57,170 | D | — | — | (F2) RSUs convert into shares of Tilray Class 2 Common Stock on a one-for-one basis. |
| 5 | Derivative | Restricted Stock Units | 2021-08-19 | M | D | 31,125 | $0.00 | 0 | D | — · — to — | 31,125 Class 2 Common Stock | (F2) RSUs convert into shares of Tilray Class 2 Common Stock on a one-for-one basis. (F4) On November 14, 2019, the reporting person was granted 62,250 RSUs, with 50% vesting on November 14, 2020, and the remaining 50% scheduled to vest on November 14, 2021. On August 19, 2021, the Compensation Committee accelerated the vesting of the remaining unvested RSUs. |
| 6 | Derivative | Restricted Stock Units | 2021-08-19 | M | D | 32,548 | $0.00 | 0 | D | — · — to — | 32,548 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 65,096 RSUs, with 50% vesting on August 12, 2021, and the remaining 50% scheduled to vest on August 12, 2022. On August 19, 2021, the Compensation Committee of Tilray's Board of Directors (the "Compensation Committee") accelerated the vesting of the remaining unvested RSUs. |