Nathaniel Christopher Kelly - Mar 1, 2024 Form 4 Insider Report for TILT Holdings Inc. (TLLTF)

Role
Chief Revenue Officer
Signature
/s/ Mark Higgins as attorney-in-fact for Nathaniel Christopher Kelly
Stock symbol
TLLTF
Transactions as of
Mar 1, 2024
Transactions value $
-$975
Form type
4
Date filed
3/5/2024, 04:01 PM
Previous filing
Sep 29, 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 +141K +130.67% $0.00 248K Mar 1, 2024 Direct
transaction TLLTF Common Shares, no par value Tax liability -$975 -29.4K -11.83% $0.03 219K Mar 1, 2024 Direct F1, F2

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 -141K -33.33% $0.00 281K Mar 1, 2024 Common Shares, no par value 141K $0.00 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents common shares that have been withheld by the Issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting and net settlement of restricted share units ("RSU") and does not represent a sale by the Reporting Person.
F2 The price provided in this column was calculated based on the closing price of the Issuer's common shares on Cboe Canada formerly known as the NEO Exchange on March 1, 2024 which was CAD$0.045. The share price of CAD$0.045 was converted to U.S. dollars using the exchange rate provided by the Bank of Canada of USD$1.00= CAD$1.3564 on March 1, 2024.
F3 Each restricted share unit ("RSU") is equivalent in value to one share of the Issuer's common shares, no par value. 140,625 RSUs vested on August 29, 2023, 140,625 RSUs vested on March 1, 2024, 140,625 RSUs will vest on March 1, 2025 and 140,625 RSUs will vest on March 1, 2026, subject to the Reporting Person's continued employment with the Issuer on each vesting date.
F4 RSUs do not expire; they either vest or are cancelled.