R. John Barravecchia - Mar 31, 2023 Form 4 Insider Report for TILT Holdings Inc. (TLLTF)

Role
Director
Signature
/s/ Mark Higgins as attorney-in-fact for John Barravecchia
Stock symbol
TLLTF
Transactions as of
Mar 31, 2023
Transactions value $
$0
Form type
4
Date filed
4/3/2023, 05:02 PM
Previous filing
Jan 4, 2023
Next filing
Jun 7, 2023

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 +16.45% $0.00 1.02M Mar 31, 2023 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 -50% $0.00 144K Mar 31, 2023 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 144,122 shares 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.