Form 4 for TLRY Tilray Brands, Inc.
Accepted 2023-08-02 00:00:00 ET · period of report 2023-07-31 · accession 0001171843-23-004905 · 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 | 2023-08-02 | 2023-07-31 | TLRY | SIMON IRWIN D | Pres, CEO | F - Tax | $2.53 | -781.1K | 1.98M | -28% | -$1.98M |
| D | 2023-08-02 | 2023-07-31 | TLRY | SIMON IRWIN D | Pres, CEO | M - OptEx | $2.53 | +1.41M | 2.76M | +105% | +$3.57M |
| D | 2023-08-02 | 2023-07-31 | TLRY | SIMON IRWIN D | Pres, CEO | M - OptEx | $0.00 | -706.2K | 706.2K | -50% | $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 | Common Stock | 2023-07-31 | F | D | 781,094 | $2.53 | 1,979,358 | D | — | — | (F3) Represents shares withheld by the Company to satisfy the tax withholding obligations associated with the vesting of 1,412,428 previously granted on July 26, 2022. (F2) Amount includes shares of Common Stock beneficially owned by the reporting person but excludes other unvested PSUs. |
| 2 | Common | Common Stock | 2023-07-31 | M | A | 1,412,428 | $2.53 | 2,760,452 | D | — | — | (F1) On July 26, 2022, the reporting person was granted 1,412,428 of 2022 PSUs, with vesting subject to the achievement of certain pre-established performance targets for aggregate EBITDA generated from the HEXO transaction over the one (1) year performance period following the HEXO closing date. The underlying performance condition was satisfied, and an amount equal to 50% of these 2022 PSUs vested on July 31, 2023. The remaining 2022 PSUs will vest as follows - 25% will vest on July 31, 2024, and 25% will vest on July 31, 2025, in each case subject to continued employment through the applicable vesting date. (F2) Amount includes shares of Common Stock beneficially owned by the reporting person but excludes other unvested PSUs. |
| 3 | Derivative | Performance-Based Restricted Stock Units ("2022 PSUs") | 2023-07-31 | M | D | 706,214 | $0.00 | 706,214 | D | — · — to — | 706,214 Common Stock | (F4) Each 2022 PSU represents a contingent right to receive up to two (2) shares of Tilray Common Stock depending upon the target level achieved with respect to the pre-established performance parameters relating to the HEXO transaction. |