Mark Coleman - Dec 30, 2022 Form 4 Insider Report for TILT Holdings Inc. (TLLTF)

Role
Director
Signature
/s/ Mark Higgins as attorney-in-fact for Mark Coleman
Stock symbol
TLLTF
Transactions as of
Dec 30, 2022
Transactions value $
$0
Form type
4
Date filed
1/4/2023, 04:32 PM
Previous filing
Dec 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TLLTF Common Shares, no par value Options Exercise $0 +144K +17.02% $0.00 991K Dec 30, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TLLTF Restricted Share Units Options Exercise $0 -144K -33.33% $0.00 288K Dec 30, 2022 Common Shares, no par value 144K $0.00 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted share unit ("RSU") is equivalent in value to one share of the Issuer's common shares, no par value, at the time of vesting for no consideration.
F2 The RSUs vested as to 144,121 shares on December 30, 2022, and 144,122 RSUs will vest on March 31, 2023 and 144,122 RSUs will vest on the business day immediately preceding the date of the Issuer's next annual general meeting of shareholders, subject to the Reporting Person continuing as a director on each vesting date.
F3 RSUs do not expire, they either vest or are cancelled.