Form 4 for TLRY Tilray Brands, Inc.
Accepted 2022-06-22 00:00:00 ET · period of report 2022-06-21 · accession 0001171843-22-004482 · 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 | 2022-06-22 | 2022-06-21 | TLRY | Butts Jodi L. | Dir | M - OptEx | — | +15.3K | 15.3K | New | — |
| D | 2022-06-22 | 2022-06-21 | TLRY | Butts Jodi L. | Dir | F - Tax | $3.27 | -6,774 | 8,540 | -44% | -$22.2K |
| DM | 2022-06-22 | 2022-06-21 | TLRY | Butts Jodi L. | Dir | M - OptEx | $0.00 | -15.3K | 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 | 2022-06-21 | M | A | 15,314 | — | 15,314 | D | — | — | (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. |
| 2 | Common | Class 2 Common Stock | 2022-06-21 | F | D | 6,774 | $3.27 | 8,540 | D | — | — | (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. (F2) Amount includes shares of Common Stock beneficially owned by the reporting person, but excludes other unvested RSUs. |
| 3 | Derivative | Restricted Stock Units | 2022-06-21 | M | D | 11,515 | $0.00 | 0 | D | — · — to — | 11,515 Class 2 Common Stock | (F4) Each restricted stock unit represents a contingent right to receive one (1) share of Tilray Brands, Inc. Class 2 Common Stock. (F6) On June 21, 2021, the reporting person was granted 11,515 RSUs, 100% of which vested on June 21, 2022. In the event of a voluntary termination by the reporting person prior to the vesting date, all RSUs will be forfeited. |
| 4 | Derivative | Restricted Stock Units | 2022-06-21 | M | D | 3,799 | $0.00 | 0 | D | — · — to — | 3,799 Class 2 Common Stock | (F4) Each restricted stock unit represents a contingent right to receive one (1) share of Tilray Brands, Inc. Class 2 Common Stock. (F5) On June 21, 2021, the reporting person was granted 11,515 RSUs, 33% of which vested on June 21, 2022, with 33.50% scheduled to vest on June 21, 2023 and 33.50% scheduled to vest on June 21, 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. |