R. Adam Draizin - Dec 29, 2023 Form 4 Insider Report for TILT Holdings Inc. (TLLTF)

Role
Director
Signature
/s/ Mark Higgins as attorney-in-fact for Adam R. Draizin
Stock symbol
TLLTF
Transactions as of
Dec 29, 2023
Transactions value $
$0
Form type
4
Date filed
1/3/2024, 04:03 PM
Previous filing
Oct 5, 2023
Next filing
Apr 2, 2024

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 +617K +100% $0.00 1.23M Dec 29, 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 -617K -33.33% $0.00 1.23M Dec 29, 2023 Common Shares, no par value 617K $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 share, no par value, at the time of vesting for no consideration.
F2 The RSUs vested as to 617,075 shares on September 29, 2023 and 617,075 RSUs vested on December 29, 2023 and 617,075 will vest on March 29, 2024 and 617, 076 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 The RSUs do not expire, they either vest or are cancelled.