Form 4 for TLRY Tilray Brands, Inc.
Accepted 2024-07-30 00:00:00 ET · period of report 2024-07-26 · accession 0001171843-24-004257 · 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 | 2024-07-30 | 2024-07-26 | TLRY | Merton Carl A | CFO | F - Tax | $1.83 | -5,616 | 609.5K | -0.9% | -$10.3K |
| D | 2024-07-30 | 2024-07-26 | TLRY | Merton Carl A | CFO | M - OptEx | $1.83 | +12.2K | 615.1K | +2% | +$22.3K |
| D | 2024-07-30 | 2024-07-26 | TLRY | Merton Carl A | CFO | M - OptEx | $0.00 | -12.2K | 0 | -100% | $0 |
| D | 2024-07-30 | 2024-07-30 | TLRY | Merton Carl A | CFO | A - Grant | $0.00 | +333.1K | 333.1K | New | $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 | 2024-07-26 | F | D | 5,616 | $1.83 | 609,486 | D | — | — | (F3) Represents shares withheld by the Company to satisfy the tax withholding obligation associated with the vesting of 12,166 2021 PSUs previously granted on June 26, 2021. (F2) Amount includes shares of Common Stock beneficially owned by the reporting person but excludes other unvested RSUs or PSUs. |
| 2 | Common | Common Stock | 2024-07-26 | M | A | 12,166 | $1.83 | 615,102 | D | — | — | (F1) On July 26, 2021, the reporting person was granted 48,662 of 2021 PSUs, with vesting subject to the achievement of certain pre-established performance parameters relating to the achievement of Tilray's synergy goals resulting from the integration of Aphria, Inc. The underlying performance condition was satisfied, and an amount equal to 25% of these 2021 PSUs vested (12,166) on July 26, 2024. (F2) Amount includes shares of Common Stock beneficially owned by the reporting person but excludes other unvested RSUs or PSUs. |
| 3 | Derivative | Performance-Based Restricted Stock Units ("2021 PSUs") | 2024-07-26 | M | D | 12,166 | $0.00 | 0 | D | — · — to — | 12,166 Common Stock | (F4) Each unit represents a contingent right to receive one (1) share of Tilray Common Stock. |
| 4 | Derivative | Restricted Stock Units | 2024-07-30 | A | A | 333,116 | $0.00 | 333,116 | D | — · — to — | 333,116 Common Stock | (F5) Each restricted stock unit ("RSU") represents a contingent right to receive one (1) share of Common Stock. Grant date is based on close of trading on July 30, 2024. (F6) Subject to the reporting person's continuous employment through the vesting date, the 2024 LTIP RSUs shall vest in two (2) equal annual installments, commencing on July 26, 2025, and July 26, 2026, except in the case of the reporting person's earlier voluntary resignation, death or disability. In the event of a voluntary resignation by the reporting person prior to the vesting date, all RSUs will be forfeited. |