Gary F. Santo Jr - Dec 30, 2022 Form 4 Insider Report for TILT Holdings Inc. (TLLTF)

Role
Chief Executive Officer
Signature
/s/ Mark Higgins as attorney-in-fact for Gary F. Santo Jr.
Stock symbol
TLLTF
Transactions as of
Dec 30, 2022
Transactions value $
$0
Form type
4
Date filed
1/4/2023, 04:43 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 +208K +100% $0.00 416K 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 -208K -33.33% $0.00 416K Dec 30, 2022 Common Shares, no par value 208K $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 831,928 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.