R. John Barravecchia - Mar 29, 2024 Form 4 Insider Report for TILT Holdings Inc. (TLLTF)

Role
Director
Signature
/s/ Mark Higgins as attorney-in-fact for John R. Barravecchia
Stock symbol
TLLTF
Transactions as of
Mar 29, 2024
Transactions value $
$0
Form type
4
Date filed
4/2/2024, 04:01 PM
Previous filing
Jan 3, 2024
Next filing
Jun 11, 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 +25.73% $0.00 3.02M Mar 29, 2024 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 -50% $0.00 617K Mar 29, 2024 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, 617,075 RSUs shares on December 29, 2023 and 617,075 shares on March 29, 2024. 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.