Dana Russell Arvidson - Dec 30, 2022 Form 4 Insider Report for TILT Holdings Inc. (TLLTF)

Role: Chief Financial Officer
Signature: /s/ Mark Higgins as attorney-in-fact for Dana Russell Arvidson
Stock symbol: TLLTF
Transactions as of: Dec 30, 2022
Transactions value $: $0
Form type: 4
Date filed: 1/4/2023, 04:41 PM
Previous filing: Jun 21, 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	+50K	+100%	$0.00	100K	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	-50K	-33.33%	$0.00	100K	Dec 30, 2022	Common Shares, no par value	50K	$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 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 original grant of 200,000 RSUs has vested or will vest in four equal installments on each of the first through fourth anniversaries of December 31, 2020, subject to the Reporting Person's continued employment with the Issuer on each vesting date.
F3	RSUs do not expire, they either vest or are cancelled.